The explanatory paragraph for a qualified opinion would:
A)precede the scope paragraph.
B)follow the scope paragraph.
C)follow the opinion paragraph.
D)either precede or follow the opinion paragraph depending on the materiality.

Question

Quizplus · Accepted Answer

The explanatory paragraph for a qualified opinion would follow the scope paragraph. This is because the scope paragraph outlines the limitations of the audit procedures performed and the explanatory paragraph elaborates on any concerns or issues that led to the qualification of the opinion. The opinion paragraph would then follow the explanatory paragraph to express the overall conclusion of the audit.

The Explanatory Paragraph for a Qualified Opinion Would