The term "except for" in an audit report is:
A)Used in an adverse opinion.
B)No longer considered appropriate.
C)Used in a qualified opinion.
D)Used for an unmodified opinion when an emphasis-of-matter paragraph is added.

Question

Quizplus · Accepted Answer

"Except for" is used in a qualified opinion to indicate that there is a material misstatement in the financial statements except for a specific matter mentioned in the audit report.

The Term "Except For" in an Audit Report Is