Auditors who are reporting on financial statements that contain a material departure from generally accepted accounting principles should
A)express a qualified or adverse opinion.
B)not modify the Opinion Section of the report as long as the departure is adequately disclosed in a footnote.
C)disclaim an opinion on the financial statements.
D)express a qualified opinion or disclaimer of opinion.

Question

Quizplus · Accepted Answer

Auditors are required to express a qualified or adverse opinion if the financial statements contain a material departure from generally accepted accounting principles. This is because such a departure affects the overall fairness and reliability of the financial statements.

Auditors Who Are Reporting on Financial Statements That Contain a Material