Practice Quiz

CPA Accountant Review Questions

Category - ABFA General Topics

Start a Study Session Sign up for Question of the Day
What does a ‘qualified audit opinion’ refer to?
  1. Auditor is 100% sure about the authenticity of the financial statements
  2. Financial statements are not prepared as per the required financial standards
  3. Auditor will give the opinion later
  4. One or more areas of the financial statements do not adhere to auditing standards
Explanation
Answer: D - Qualified audit opinions are typically given due to a limitation of scope in which the auditor was unable to gather sufficient evidence.
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz