CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

When the financial statements materially depart from accounting standards and are not fairly presented, the audit opinion would be a(n) ______.
A. disclaimer of opinion
B. qualified opinion
C. adverse opinion
Explanation: An adverse opinion occurs when the financial statements materially depart from accounting standards and are not fairly presented. A qualified opinion is one in which there is some limitation or exception to accounting standards.

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