Disclaimers of opinion can only be issued by auditors based on which of the following?
A)Violations of GAAP.
B)Substantial scope limitations.
C)Going concern.
D)Lack of independence.
E)Either B or D.

Question

Quizplus · Accepted Answer

Disclaimers of opinion can only be issued by auditors based on substantial scope limitations or lack of independence. They cannot be issued based on violations of GAAP or going concern. Therefore, the best choice is E, either B or D, as both substantial scope limitations and lack of independence are included in this option.

Disclaimers of Opinion Can Only Be Issued by Auditors Based