GFOA Exam CPFO Topic 11 Question 84 Discussion

Actual exam question for GFOA's Certified Public Finance Officer exam

Question #: 84
Topic #: 11

[All Certified Public Finance Officer 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?

AUnqualified opinion

BQualified opinion

CDisclaimer

DReversal opinion

Show Suggested Answer

Suggested Answer: D

by Helene at Apr 08, 2024, 10:41 AM

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Stevie

8 days ago

I don't know, you guys. What if it's a trick question and they're trying to see if we know all the possible opinions? Maybe we're missing something here.

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Brandee

11 days ago

Yeah, that's got to be the answer. I mean, the other three are legitimate audit opinions, but 'reversal opinion'? Come on, that's just made up.

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Fanny

11 days ago

Exactly. And the question is asking which one is not an actual opinion expressed by auditors. So, it's gotta be that 'reversal opinion' nonsense, right?

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Veronika

13 days ago

Okay, let's think this through. We've got the classic options: unqualified, qualified, and disclaimer. Those are the ones we need to know inside and out.

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Jacquelyne

14 days ago

Haha, right? I bet the exam writers just wanted to see who would fall for that one. Gotta keep us on our toes, I guess.

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Chauncey

16 days ago

This is a tricky one! I mean, who even comes up with these 'reversal opinion' options? That's not a real thing, is it?

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