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AGA CGFM Exam - Topic 3 Question 11 Discussion

Posted by Bok on Jun 01, 2022 at 03:48 PM

Which of the following opinions is not expressed by auditors as to whether financial statements are expressed fairly in all material respects with respect to generally accepted accounting principles?

Suggested Answer: D

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11 comments · newest first
ST
Stefan 11 months ago
Just to clarify, A, B, and C are legit opinions.
MA
Margot 11 months ago
Wait, are we sure about that? Sounds fishy.
MA
Mabel 12 months ago
I agree, D is not a thing in auditing.
EA
Earnestine 12 months ago
Definitely, but "reversal opinion"? Never heard of that!
RO
Rosendo 12 months ago
Unqualified, qualified, and disclaimer are real opinions.
VA
Valentin 1 year ago
I recall that auditors express their opinions in different ways, but I can't recall ever hearing about a "reversal opinion" in my studies.
AF
Afton 1 year ago
I'm a bit confused; I thought all four options were types of opinions, but now I'm questioning if "reversal opinion" is just a trick answer.
KA
Katie 1 year ago
I practiced a question similar to this, and I believe "reversal opinion" isn't a recognized term in auditing standards.
MA
Marsha 1 year ago
I think I remember that unqualified, qualified, and disclaimer opinions are all valid auditor opinions, but I'm not sure about "reversal opinion."
RE
Rex 1 year ago
Hmm, I'm a bit unsure about this one. I know massive MIMO involves using multiple antennas, but I'm not totally clear on the specifics of how it works. I'll have to review my notes to make sure I understand the concepts.
TU
Tula 1 year ago
I'm feeling pretty confident about this one. The deployment plan is all about exposing the application's external dependencies and tuning parameters.
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