An auditor who is reporting on financial statements that contain a material departure from generally accepted accounting principles should include a separate explanatory paragraph and
A)Express a qualified or adverse opinion.
B)Not modify the opinion paragraph as long as the departure is adequately disclosed in a footnote.
C)Deny an opinion on the financial statements.
D)Express a qualified opinion or deny an opinion.

Question

Quizplus · Accepted Answer

When financial statements contain a material departure from GAAP, the auditor should express a qualified or adverse opinion, depending on the severity of the departure, and include an explanatory paragraph.

An Auditor Who Is Reporting on Financial Statements That Contain