Intermediate Accounting

Question 8

The stakeholders of a company that have an interest in understanding the impact of the company on environmental, social, and governance issues include:

a) investors and creditors.

b) employees and suppliers.

c) governments and the community.

d) All of the other answer choices are correct.

Question 9

Suppose circumstances outside of the auditors control prevents them from having physical access to verify the companys inventory balance, which is material to the financial statements. Which of the following is most likely to be issued in this situation?

a) Going concern opinion

b) Adverse opinion

c) Unqualified opinion

d) Qualified opinion

Question 10

Which of the following would be issued if the auditor believes the financial statements are presented in conformity with generally accepted accounting principles (GAAP)?

a) Adverse opinion

b) Unqualified opinion

c) Qualified opinion

d) No opinion would be issued.