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AGA Exam CGFM Topic 3 Question 61 Discussion

Actual exam question for AGA's CGFM exam
Question #: 61
Topic #: 3
[All CGFM 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 Curt at Oct 23, 2024, 09:57 PM

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Isadora
1 months ago
Ah, the classic audit opinions. Unqualified, qualified, and disclaimer. Reversal opinion? That's like saying the auditor is going to give you a refund instead of a bill. Good one, whoever wrote this question!
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Pok
19 hours ago
Yeah, it's definitely not a common opinion expressed by auditors.
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Josphine
24 days ago
I agree, reversal opinion doesn't make sense in the context of audit opinions.
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Eveline
1 months ago
Hmm, let's see... Unqualified, qualified, and disclaimer. Yep, those are the ones I know. Reversal opinion? Sounds like the auditor is trying to be the next David Blaine or something.
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Claribel
4 days ago
C) Disclaimer is also one of the options.
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Angelo
5 days ago
I agree, B) Qualified opinion is another one.
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Hubert
21 days ago
I think it's A) Unqualified opinion.
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Brice
2 months ago
Unqualified, qualified, and disclaimer are the standard options. I'm going with D, just to shake things up a bit. Who knows, maybe the auditor is feeling spicy today.
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Leanna
28 days ago
D) Reversal opinion
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Hubert
30 days ago
C) Disclaimer
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Bok
1 months ago
B) Qualified opinion
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Jimmie
1 months ago
A) Unqualified opinion
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Loreta
2 months ago
No, I believe the correct answer is C) Disclaimer because it means auditors cannot express an opinion on the financial statements.
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Kayleigh
2 months ago
I think the answer is D) Reversal opinion.
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Hortencia
2 months ago
Definitely not D. Reversal opinion? That sounds like a superpower, not an audit opinion. Maybe the auditor wants to go against the grain, but that's not a real thing.
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Alease
19 days ago
Justa: I think you're right, C makes more sense.
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Julio
26 days ago
User 3: I think the correct answer is C) Disclaimer.
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Justa
29 days ago
User 2: Yeah, it's definitely not a real audit opinion.
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Cyndy
1 months ago
User 1: I agree, D does sound like a superpower.
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Crista
2 months ago
Wait, reversal opinion? Is that like when you get an opinion in reverse? I don't think that's a thing, at least not in the accounting world.
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Marshall
1 months ago
User 3: I believe the correct options are unqualified, qualified, and disclaimer opinions.
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Youlanda
2 months ago
Yeah, I agree. It's not a common term in accounting.
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Augustine
2 months ago
I think reversal opinion is not a valid option.
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