If, after the accumulation of final evidence and during the evaluation of results, the auditor concludes that sufficient evidence has NOT been obtained to draw a conclusion about fairness of the client's representations, there are several choices:
A) issue a disclaimer of opinion or withdraw from the engagement.
B) obtain additional information or issue an adverse opinion.
C) issue a qualified opinion or issue a disclaimer of opinion.
D) obtain additional evidence, issue a qualified opinion, or issue a disclaimer of opinion.

Question

Quizplus · Accepted Answer

If sufficient evidence has not been obtained to draw a conclusion about the fairness of the client's representations, the auditor should obtain additional evidence, issue a qualified opinion, or issue a disclaimer of opinion. The auditor should not withdraw from the engagement without first discussing the matter with the client's management and those charged with governance. Additionally, an adverse opinion should only be issued if the auditor concludes that the financial statements are materially misstated. Therefore, obtaining additional evidence is the best option as it may provide conclusive evidence to issue an unqualified opinion.

If, After the Accumulation of Final Evidence and During the Evaluation