If the financial statements examined by an auditor lead the auditor to issue an opinion that contains an exception that is not of sufficient magnitude to invalidate the statement as a whole, the opinion is said to be
A)unmodified.
B)qualified.
C)adverse.
D)exceptional.

Question

Quizplus · Accepted Answer

A qualified opinion is issued when an auditor finds exceptions that are not pervasive enough to affect the overall fairness of the financial statements.

If the Financial Statements Examined by an Auditor Lead the Auditor