AFM201 Study Guide - Audit Risk, Financial Statement, Audit Evidence
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16 Oct 2011
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Under which of the following circumstances might anauditor disclaim an opinion? | |
A. | The financial statements contain adeparture from generally accepted accounting principles, the effectof which is material. |
B. | A group auditor decides to refer tothe report of a component auditor who audited a subsidiary. |
C. | There has been a material changebetween periods in the method of application of accountingprinciples. |
D. | There are significant uncertaintiesaffecting the financial statements for which the auditor is unableto obtain sufficient evidence to support management’sassertions. |