When a misstatement in the financial report would affect a user's decision but the overall statements are still fairly stated, it would be appropriate to issue:
A) an inability to form an opinion.
B) an unmodified opinion.
C) an adverse opinion.
D) a qualified opinion.

Question

Quizplus · Accepted Answer

A misstatement that would affect a user's decision but does not materially misstate the financial statements would result in a qualified opinion. A qualified opinion indicates that there is a limitation to the scope of the audit or a departure from accounting principles, but overall the financial statements are fairly presented.

When a Misstatement in the Financial Report Would Affect a User's