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GFOA CPFO Exam - Topic 11 Question 52 Discussion

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?
D) Reversal opinion
A) Unqualified opinion
B) Qualified opinion
C) Disclaimer

GFOA CPFO Exam - Topic 11 Question 52 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 52
Topic #: 11
[All CPFO Questions]

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?

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Suggested Answer: D

by Rebecka at May 26, 2022, 12:16 PM

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Charlesetta
11 months ago
Totally agree, D is not a recognized opinion.
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Lashunda
11 months ago
Wait, reversal opinion? Is that even a thing?
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Shala
11 months ago
Yup, A, B, and C are legit. D is a no-go.
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Berry
11 months ago
Definitely, but reversal opinion? Never heard of that!
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Cristy
12 months ago
Unqualified, qualified, and disclaimer are real opinions.
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Earnestine
12 months ago
I recall that unqualified and qualified opinions relate to fairness, but I can't quite place the disclaimer in this context.
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Christa
12 months ago
I’m a bit confused; I thought all four options were types of opinions, but I guess reversal isn't one of them?
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Genevive
12 months ago
I think I remember that unqualified and qualified opinions are common, but I'm not sure about the reversal opinion.
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Dexter
12 months ago
I practiced a similar question last week, and I believe the disclaimer is also a valid opinion, but reversal doesn't sound right.
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Jarod
12 months ago
Okay, let me think this through. FTP is the File Transfer Protocol, and the control plane is responsible for managing the connection, so the control plane port is likely 21. I'll go with C.
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Antonio
1 year ago
The wording is a bit confusing. I'm not sure if I understand the question fully.
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Gail
1 year ago
The latest version of Microsoft Edge makes sense, as that's a common web browser. But I wonder if other browsers like Firefox would also work. I'll make sure to double-check the requirements.
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