A deviation from the standard unqualified report will cause knowledgeable users of financial statements to recognize that the
A) auditor intends to communicate additional or limiting information.
B) financial statements contain a material error.
C) financial statements contain an error.
D) Canadian Auditing Standards were not followed.

Question

Quizplus · Accepted Answer

A deviation from the standard unqualified report indicates that the auditor intends to communicate additional or limiting information about the financial statements. This may include a material error or issue, but it does not necessarily mean that such errors exist. The deviation could also indicate that the auditor believes it is important to provide more context or clarification to users of the financial statements.

A Deviation from the Standard Unqualified Report Will Cause Knowledgeable