35. Audery & Aubrey, LLP, CPAs, audit report on Bowie Pastries, Inc., (BPI) stated that BPIs financial statements were materially misstated or misleading and did not conform to U.S. GAAP requirements. Based on this conclusion, Audery &Aubrey, LLP, CPAs must issue a..

1. Unmodified audit opinion
2. Qualified audit opinion
3. Disclaimer of opinion
4. Adverse opinion

36. Brown & Brown, CPAs, LLP, (B&B), audit report on Baltimore Furniture, Inc. (BFI) stated that BFIs financial statements were fairly stated, except for some unreasonable accounting estimates. Based on this conclusion, (B&B), CPAs, LLC must issue a..

1. Unmodified audit opinion
2. Qualified audit opinion
3. Disclaimer of opinion
4. Adverse opinion

37. Outline two demerits/disadvantages of financial statements analysis

(a)

(b)

38. Which of following are demerits of using brainstorming as a forensic accountant, auditor, and fraud examination technique.

1. individual domination of matters discussed
2. encourages group think
3. disengagement of participants by allowing other people to dominate
4. Encourages social loafing
5. All the above