Discuss AICPA CPA-Auditing Exam Topic 3 Question 124

An auditor's responsibility to express an opinion on the financial statements is:

AImplicitly represented in the auditor's standard report.

BExplicitly represented in the opening paragraph of the auditor's standard report.

CExplicitly represented in the scope paragraph of the auditor's standard report.

DExplicitly represented in the opinion paragraph of the auditor's standard report.

Suggested Answer: B

Choice 'b' is correct. The auditor's responsibility to express an opinion on the FS is explicitly represented in the last sentence of the opening paragraph: 'Our responsibility is to express an opinion on these financial statements based on our audit.'

Choice 'a' is incorrect. The responsibility to express an opinion is explicitly represented (i.e., clearly stated), not implicitly represented (i.e., assumed).

Choice 'c' is incorrect. There are no words in the scope paragraph that represent an auditor's responsibility to express an opinion.

Choice 'd' is incorrect. The opinion paragraph includes the auditor's opinion, but does not specifically mention the auditor's responsibility to express an opinion.

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20 comments · newest first

Paulina 1 month ago

I’m with D. It’s all about clarity in that paragraph.

Karan 1 month ago

I feel like A could be valid too, but D is stronger.

Kayleigh 2 months ago

D is definitely right. It’s where the opinion is stated.

Xuan 2 months ago

I’m leaning towards B. The opening sets the tone.

Cory 2 months ago

I agree, D makes the most sense. Clear and direct.

Keena 2 months ago

I think it's D. The opinion paragraph is key.

Glory 2 months ago

I always thought it was more complicated than that!

Edgar 2 months ago

Wait, is it really just in the opinion paragraph? Sounds too simple.

Aaron 3 months ago

No way, it’s clearly in the opinion paragraph!

Venita 3 months ago

I thought it was B at first, but D makes more sense.

Dana 3 months ago

Definitely D, that's where the opinion is stated.

Vanesa 3 months ago

Totally agree with D, that's where it clearly states the auditor's opinion.

Makeda 3 months ago

Wait, is it really just in the opinion paragraph? Sounds too simple!

Buddy 4 months ago

B is a common misconception, but D is correct.

Socorro 5 months ago

I thought it was in the opening paragraph?

Muriel 5 months ago

It's definitely in the opinion paragraph!

Alline 6 months ago

I remember discussing how the opinion paragraph is crucial for stating the auditor's opinion clearly, so I would lean towards D being the right choice.

Wei 6 months ago

I'm not entirely sure, but I feel like the scope paragraph talks more about the audit process rather than the auditor's responsibility directly.

Lashawn 6 months ago

I recall practicing a question like this, and I believe the correct answer is B, since the opening paragraph sets the stage for the report.

Paulina 6 months ago

I think the auditor's responsibility is definitely mentioned in the opinion paragraph, but I can't remember if it's also in the opening paragraph.

AICPA CPA-Auditing Exam - Topic 3 Question 124 Discussion