Which of the following representations does an auditor make explicitly and which implicitly when issuing an unqualified opinion on a public company's financial statements? $$\begin{array} { | c | c | c | }
\hline & \text { Conformiy with PCAOB Standards } & \text { Adequacy of disclosure } \
\hline \text { A. } & \text { Explicitly } & \text { Explicitly } \
\hline \text { B. } & \text { Implicitly } & \text { Implicitly } \
\hline \text { C. } & \text { Implicitly } & \text { Explicitly } \
\hline \text { D. } & \text { Explicitly } & \text { Implicitly } \
\hline
\end{array}$$
A) Option A
B) Option B
C) Option C
D) Option D

Question

Which of the following representations does an auditor make explicitly and which implicitly when issuing an unqualified opinion on a public company's financial statements? $$\begin{array} { | c | c | c | } 
\hline & \text { Conformiy with PCAOB Standards } & \text { Adequacy of disclosure } \
\hline \text { A. } & \text { Explicitly } & \text { Explicitly } \
\hline \text { B. } & \text { Implicitly } & \text { Implicitly } \
\hline \text { C. } & \text { Implicitly } & \text { Explicitly } \
\hline \text { D. } & \text { Explicitly } & \text { Implicitly } \
\hline
\end{array}$$
A) Option A
B) Option B
C) Option C
D) Option D

Quizplus · Accepted Answer

An auditor explicitly states conformity with PCAOB standards in the audit report, while the adequacy of disclosure is implied through the fair presentation of financial statements.

Which of the Following Representations Does an Auditor Make Explicitly