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4 MC Auditing Questions Refer to the attachments below When the auditors disagree with those charged with governance on the adequacy of the disclosures in
4 MC Auditing Questions
Refer to the attachments below
When the auditors disagree with those charged with governance on the adequacy of the disclosures in the financial statements, and these disagreements are material and pervasive to the financial statements, what type of opinion may be issued? O unmodified O qualified O adverse O disclaimerWhich of the following is of particular concern with the risk of overstatement of payroll? Select all that apply. paying more than a market wage for employees O payment to fictitious employees O paying more than the authorized rates O paying employees for time not worked O paying employees for time workedHow is the acceptable level of detection risk determined when planning the audit? O Board of directors decide how much risk is acceptable. O Auditors use the same level for each audit. O Auditors use a risk model. O Management uses professional judgement.Which of the following would NOT be considered a modified audit opinion? O adverse O unmodified O disclaimer O qualifiedStep by Step Solution
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