27) Critical audit matters are included in a public company audit report with a(n): A. B. C. D. Adverse Opinion Yes Yes No No Disclaimer of Opinion Yes No Yes No A) Option A B) Option B C) Option D) Option D 28) Which of the following is correct concerning a public company audit report with a disclaimer of opinion? A) It must include in a section on critical audit matters the circumstances that led to the disclaimer. B) The title of the Opinion section will be changed to Basis for Disclaimer of Opinion. C) It will ordinarily be issued in situations in which financial statements are materially and pervasively misstated. D) The paragraph describing the reason for the disclaimer will follow the opinion paragraph and will not include a title. 29) An audit report on a public company is least likely to include a paragraph titled: A) Auditor responsibility B) Basis for Opinion. C) Critical Audit Matters. D) Opinion on the Financial Statements. 30) Ordinarily, a public company must be addressed to: A B. C. D Shareholders Yes Yes No No Board of Directors Yes No Yes No A) Option A B) Option B C) Option C D) Option D