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Free AICPA CPA-Auditing Exam Braindumps (page: 29)

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1025 Questions & Answers
Page 29 of 504

A. Option A
B. Option B
C. Option C
D. Option D

Answer(s): D
Explanation:
Choice "d" is correct. Explicitly - Implicitly.
The auditor explicitly states in the scope paragraph of his opinion: "an audit includes examining,
on a test basis, evidence supporting..."
Consistency is implied in the auditor's standard report.
Choices "a", "b", and "c" are incorrect, as per above Explanation.
QUESTION: 61
An auditor was unable to obtain sufficient appropriate audit evidence concerning certain
transactions due to an inadequacy in the entity's accounting records. The auditor would choose
between issuing a(an):

A. Qualified opinion and an unqualified opinion with an explanatory paragraph.
B. Unqualified opinion with an explanatory paragraph and an adverse opinion.
C. Adverse opinion and a disclaimer of opinion.
D. Disclaimer of opinion and a qualified opinion.

Answer(s): D
Explanation:
Choice "d" is correct. Client-imposed restrictions of scope such as those caused by inadequate
records would cause the auditor to choose between issuing a disclaimer of opinion and a
qualified opinion. Choice "a" is incorrect. An unqualified opinion would only be justified if the
transactions in question were not material, but in such situations, no explanatory paragraph
would be required. Choices "b" and "c" are incorrect. An adverse opinion pertains to GAAP and
would not be used for reporting restrictions of scope.
QUESTION: 62
In which of the following situations would a principal auditor least likely make reference to
another auditor who audited a subsidiary of the entity?

A. The other auditor was retained by the principal auditor and the work was performed under the
principal auditor's guidance and control.
B. The principal auditor finds it impracticable to review the other auditor's work or otherwise be
satisfied as to the other auditor's work.
C. The financial statements audited by the other auditor are material to the consolidated

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