AGA Exam CGFM Topic 3 Question 61 Discussion

Actual exam question for AGA's CGFM exam

Question #: 61
Topic #: 3

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 Curt at Oct 23, 2024, 09:57 PM

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Eveline

17 hours 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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Brice

16 days 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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Loreta

20 days 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

21 days ago

I think the answer is D) Reversal opinion.

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Hortencia

28 days 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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