Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AGA Exam CGFM Topic 3 Question 51 Discussion

Actual exam question for AGA's Certified Government Financial Manager exam
Question #: 51
Topic #: 3
[All Certified Government Financial Manager 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?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Carri at Jul 05, 2024, 09:31 AM

Limited Time Offer

25%

Off

Get Premium CGFM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Lyndia
2 months ago
Hmm, 'reversal opinion'? Is that like when the auditor says 'I changed my mind, these statements are actually terrible'? That sounds hilarious, but probably not the right answer.
upvoted 0 times
...
Jerry
2 months ago
Ooh, I bet the answer is A) Unqualified opinion. That's the good one, where the auditor is like 'Yep, everything looks good!'
upvoted 0 times
Artie
1 months ago
Yeah, that's the opinion you want to see on financial statements.
upvoted 0 times
...
Marjory
1 months ago
I think you're right, A) Unqualified opinion is when everything looks good.
upvoted 0 times
...
...
Carmelina
2 months ago
B) Qualified opinion is the one where the auditor has some reservations about the financial statements, right? That makes the most sense to me.
upvoted 0 times
...
Beckie
2 months ago
I'm pretty sure the answer is C) Disclaimer. That's the one where the auditor can't express an opinion due to limitations.
upvoted 0 times
Giuseppe
27 days ago
That makes sense, thanks for clarifying.
upvoted 0 times
...
Roxanne
28 days ago
Yes, C) Disclaimer is when the auditor can't express an opinion.
upvoted 0 times
...
Staci
29 days ago
I agree, C) Disclaimer is the correct answer.
upvoted 0 times
...
Domonique
30 days ago
D) Reversal opinion
upvoted 0 times
...
France
1 months ago
C) Disclaimer
upvoted 0 times
...
Mira
1 months ago
B) Qualified opinion
upvoted 0 times
...
Leonida
2 months ago
A) Unqualified opinion
upvoted 0 times
...
...
Tyisha
2 months ago
I agree with Nathan, disclaimer opinions are definitely expressed by auditors.
upvoted 0 times
...
Elliott
2 months ago
D) Reversal opinion? What is that even supposed to mean? Auditors definitely don't give a 'reversal opinion'!
upvoted 0 times
Crista
29 days ago
D) Reversal opinion is not a term used by auditors in expressing their opinion.
upvoted 0 times
...
Teddy
1 months ago
C) Disclaimer is when auditors cannot express an opinion on the financial statements.
upvoted 0 times
...
Tequila
1 months ago
B) Qualified opinion is when auditors have concerns but overall believe the financial statements are fairly presented.
upvoted 0 times
...
Jesusa
2 months ago
A) Unqualified opinion is when auditors express that the financial statements are fairly presented.
upvoted 0 times
...
...
Nathan
2 months ago
But auditors do express disclaimer opinions sometimes, so it could be the correct answer.
upvoted 0 times
...
Reiko
2 months ago
No, I believe the correct answer is C) Disclaimer.
upvoted 0 times
...
Nathan
3 months ago
I think the answer is D) Reversal opinion.
upvoted 0 times
...

Save Cancel