audit

40. Which of the following BEST describes whether an opinion will be a qualified opinion or if it will be an adverse opinion? (2 points) (a) Whether or not the issue is pervasive (b) Whether or not there is a departure from GAAP (c) Whether or not there is sufficient, appropriate evidence (d) Whether or not there is a material scope limitation 41. A. In what period (using the audit timeline used in class with Periods A, B, C, D) do interim procedures occur? (1 point) B. What period does the majority of actual audit fieldwork occur? (1 point) merum penol A Audit field works occur imperiool o 42. True or False When vouching from the Cash Receipts Journal, the auditor is trying to determine if the items in the document they are vouching from, occurred. (2 points) 43. In which of the following scenarios will an auditor express a qualified opinion? (2 points) Departure from GAAP Scope Limitation Lack of Consistency No Yes No Yes Yes No Yes No b. c. d Yes No No Yes A) a B) b C) Dd 44. What is the objective of an audit (in other words what must an auditor do in order to express an opinion *as discussed in class*)? (2 points) management interm