alleryStart learning →Which failure is a typical ground for an adverse opinion?
ANot consolidating a material subsidiary
BA late board meeting held in May
COne missed invoice number in a series
DAn unsigned petty cash voucher
Answer & Solution
Correct answer: A. Not consolidating a material subsidiary
Leaving out a material subsidiary distorts the whole group picture, which is a pervasive departure.
Keep practising Auditor's Report
Browse all Auditor's Report questions for CA Final, or explore more Auditing topics.
Related questions
Audit reports derive their value mainly from doing what to financial statements?A report meant only for a parent company is what?Independence of the auditor mainly supports which feature of the report?The introductory paragraph of the traditional report identifies what?In the traditional three-paragraph report, which paragraph describes the nature of the audWhat does a report to the audit committee typically give?Firing an auditor to hunt for a clean opinion is called what?Sarbanes-Oxley set up which audit regulator?