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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Isadora

22 days 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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Josphine

12 days ago

I agree, reversal opinion doesn't make sense in the context of audit opinions.

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Eveline

24 days 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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Hubert

9 days ago

I think it's A) Unqualified opinion.

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Brice

1 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

16 days ago

D) Reversal opinion

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Hubert

18 days ago

C) Disclaimer

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Bok

20 days ago

B) Qualified opinion

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Jimmie

22 days ago

A) Unqualified opinion

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Loreta

1 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

1 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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