Which report would not be appropriate for a public accounting firm to provide on financial reporting controls?
A) Unqualified-no material weaknesses found.
B) Disclaimer of opinion-unable to perform all necessary procedures.
C) Disclaimer of opinion-significant deficiencies exist.
D) Adverse-material weaknesses exist.

Question

Quizplus · Accepted Answer

A disclaimer of opinion is issued when the auditor is unable to obtain sufficient appropriate evidence to form an opinion, not when significant deficiencies exist. Significant deficiencies would typically result in a qualified opinion, not a disclaimer.

Which Report Would Not Be Appropriate for a Public Accounting