When a significant uncertainty exists and this has NOT been disclosed:
A) a scope limitation will need to be reported.
B) an inability to form an opinion must be used.
C) a qualified or an adverse opinion is required, depending on materiality.
D) an unmodified opinion with an emphasis of matter section is appropriate.

Question

Quizplus · Accepted Answer

When a significant uncertainty exists and it has not been disclosed, the auditor must consider the materiality of the uncertainty. If it is material but not pervasive, a qualified opinion is required. If it is both material and pervasive, an adverse opinion is required.

When a Significant Uncertainty Exists and This Has NOT Been