When accounting principles are not consistently applied, and the materiality level is immaterial, the auditor will issue a(n)
A) standard unmodified opinion.
B) unmodified opinion with an explanatory paragraph.
C) adverse opinion.
D) disclaimer opinion.

Question

Quizplus · Accepted Answer

When accounting principles are not consistently applied, but the materiality level is immaterial, the auditor will issue a standard unmodified opinion. This is because the financial statements are not materially misstated, even though there may be a deviation from Generally Accepted Accounting Principles (GAAP) principles.

When Accounting Principles Are Not Consistently Applied, and the Materiality