Which of the following is NOT true about the role of the external auditors?
A)Must test the effectiveness of the company's internal controls.
B)Must issue a report that gives an opinion about the company's internal controls.
C)Must examine the company's financial statements by performing adequate tests of the underlying financial information.
D)Must issue a qualified opinion on the financial statements if any misstatements are found.

Question

Quizplus · Accepted Answer

External auditors issue a qualified opinion only if the misstatements are material and pervasive. If misstatements are found but are not material, they may still issue an unqualified opinion.

Which of the Following Is NOT True About the Role