The auditor's report of the Samcorp Company indicates that the auditor is unable to form an opinion on whether the financial statements of the company are fairly presented due to scope restrictions and unavailable and incomplete records.The auditor's report
A)is unmodified.
B)is qualified.
C)is adverse.
D)is a disclaimer of opinion.

Question

Quizplus · Accepted Answer

The auditor's report indicates that the auditor is unable to form an opinion on the financial statements of the company, which is a disclaimer of opinion. This happens when the auditor is unable to obtain sufficient and appropriate audit evidence, usually due to scope limitations or when the company's accounting records are incomplete or unreliable.

The Auditor's Report of the Samcorp Company Indicates That the Auditor