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NEW QUESTION: 1
This question presents independent factual situations an auditor might encounter in conducting an audit.
List A represents the types of opinions the auditor ordinarily would issue. Select as the best answer for this
item, the action the auditor normally would take. The types of opinions in List A may be selected once,
more than once, or not at all.
Assume:
- The auditor is independent.
- The auditor previously expressed an unqualified opinion on the prior year's financial statements.
- Only single-year (not comparative) statements are presented for the current year.
- The conditions for an unqualified opinion exist unless contradicted in the factual situations. The
conditions stated in the factual situations are material.
- No report modifications are to be made except in response to the factual situation.
Item to Be Answered
In auditing the long-term investments account, an auditor is unable to obtain audited financial statements
for an investee located in a foreign country. The auditor concludes that sufficient appropriate audit
evidence regarding this investment cannot be obtained.
List A Types of Options
A. Either an adverse opinion or a disclaimer of opinion.
B. Either a disclaimer of opinion or an "except for" qualified opinion.
C. A disclaimer of opinion.
D. An unqualified opinion.
E. An adverse opinion.
F. Either an "except for" qualified opinion or an adverse opinion.
G. An "except for" qualified opinion.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "F" is the correct opinion. This is a scope limitation. Either a disclaimer of opinion (if the item is very
material) or an "except for" qualified opinion (if the item is material) should be issued.
NEW QUESTION: 2
A. Option D
B. Option A
C. Option C
D. Option B
Answer: A
Explanation:
Explanation
References:
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NEW QUESTION: 3
If lemmatization is enabled for repository searches, what will users notice when they perform searches using Webtop?
A. The Preferences include settings that allow users to specify how lemmatization is applied to their searches.
B. Search results include variations of search terms, increasing the number of results.
C. The Advanced Search page includes an extra checkbox, allowing the user to enable lemmatization for searching.
D. Searches have the same results but are returned more quickly.
Answer: B
CTSC FAQ
Q: What should I expect from studying the CTSC Practice Questions?
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A: No one can guarantee you will pass, this is only up to you. We provide you with the most updated study materials to facilitate your success but at the end of the of it all, you have to pass the exam.
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A: We recommend the CTSC Premium especially if you are new to our website. Our CTSC Premium Questions have a higher quality and are ready to use right from the start. We are not saying CTSC Free Questions aren’t good but the quality can vary a lot since this are user creations.
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A: Reach out to us here CTSC FAQ and drop a message in the comment section with any questions you have related to the CTSC Exam or our content. One of our moderators will assist you.
CTSC Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CTSC Exam.
CTSC Exam Topics
Review the CTSC especially if you are on a recertification. Make sure you are still on the same page with what APICS wants from you.
CTSC Offcial Page
Review the official page for the CTSC Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CTSC Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.