If there is a lack of conformity with IFRS, but except for the effects of that nonconformity, the financial statements are fairly presented, what type of opinion is required?
A)Unqualified opinion.
B)Qualified opinion.
C)Adverse opinion.
D)A disclaimer of an opinion.

Question

Quizplus · Accepted Answer

A qualified opinion is issued when financial statements are fairly presented except for a specific area of nonconformity with IFRS.

If There Is a Lack of Conformity with IFRS, but Except