An audit report included an additional paragraph disclosing a difference of opinion between the auditor and the client.The auditor believed that an adjustment should be made to the financial statements.The opinion paragraph of the audit report should express
A)An unqualified opinion.
B)An "except for" opinion citing a departure from generally accepted accounting principles.
C)An "except for" opinion citing a scope limitation.
D)A disclaimer of opinion.

Question

Quizplus · Accepted Answer

The "except for" opinion is appropriate when there is a departure from generally accepted accounting principles that is material but not pervasive, which aligns with the situation described where there is a disagreement on an adjustment.

An Audit Report Included an Additional Paragraph Disclosing a Difference