1) During the financial statement audit, Molly encounters a material scope limitation. She decides the problem is pervasive. What is the appropriate audit report to issue in this situation?

Group of answer choices

A disclaimer of opinion.

An adverse opinion.

An unqualified/unmodified opinion.

A qualified/modified opinion

2) During the financial statement audit, Molly finds a material misstatement. She presents this to the client, and the client makes an adjustment to fix the accounts. What is the appropriate audit report to issue in this situation?

Group of answer choices

A disclaimer of opinion.

A qualified/modified opinion.

An adverse opinion.

An unqualified/unmodified opinion.

3) Which of the following would least merit inclusion as a critical audit matter (CAM) in the audit report?

Group of answer choices

All of the items listed should be included as a CAM.

Confirming foreign bank accounts through an online intermediary

The audit of cash and prepaid assets.

Factors relating to the auditors decision as to the entitys ability to continue as a going concern