In which one of the following instances would an auditor most likely issue a standard unqualified opinion without explanatory language?
a. Management's disclosures are missing or inadequate.
b. There is substantial doubt about the entity's ability to continue as a going concern.
c. There is a significant limitation on the scope of the engagement.
d. There is an immaterial deviation from GAAP related to capitalizing repairs.
d
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The United States
a. has used antidumping laws sparingly to protect domestic producers. b. has never used antidumping laws to protect domestic producers. c. has targeted antidumping action against Canada only so far. d. has been a heavy user of antidumping laws to protect domestic producers.
According to generally accepted accounting principles, treasury stock usually should be recorded at
A) original issue cost. B) par or stated value. C) cost. D) net realizable value.
Unearned revenues refer to a(n):
A. Asset that will be used over time. B. Expense incurred because a customer has paid in advance. C. Liability that is settled in the future when a company delivers its products or services. D. Decrease in an asset. E. Increase in assets as a result of delivering products or services to a customer.
With the value assessment method _______ supplier personnel (or their consultants) conduct interviews and often gather data at customer firm(s) to provide a comprehensive listing of benefit and cost elements associated with usage of the supplier's
market offering compared with the incumbent or next-best-alternative offering. a. internal engineering assessment b. field value-in-use assessment c. indirect survey questions d. focus group value assessment