alleryStart learning →How do lenders and investors usually treat statements given an adverse opinion?
AAccept them gladly
BVery rarely accept them
CTreat them as clean
DIgnore the audit date
Answer & Solution
Correct answer: B. Very rarely accept them
Users rarely accept such statements and usually ask the auditee to correct them and obtain another report.
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?