Which type of audit opinion is appropriate if an auditor is not deemed to be independent?
A) Adverse.
B) Disclaimer of opinion.
C) Qualified.
D) Unmodified.

Question

Quizplus · Accepted Answer

A disclaimer of opinion is appropriate if the auditor is not satisfied that the financial statements are fairly presented because of a severe scope limitation. It is also appropriate if the auditor is not independent as defined by the Code of Professional Conduct. In a disclaimer, the auditor states that no opinion is being expressed.

Which Type of Audit Opinion Is Appropriate If an Auditor