In which one of the following instances would an auditor not issue a disclaimer of opinion?
A) The auditors are not invited to the periodic inventory at year end.
B) There are significant misstatements in the financial statements.
C) There is a significant limitation on the scope of the engagement.
D) There is insufficient evidence for the auditor to form an opinion on the fairness of the financial statements.

Question

Quizplus · Accepted Answer

A disclaimer of opinion is issued when the auditor cannot obtain sufficient appropriate evidence to form an opinion, or when there is a significant limitation on the scope of the audit. Significant misstatements would typically lead to a qualified or adverse opinion, not a disclaimer.

In Which One of the Following Instances Would an Auditor