C.Green,CPA,was engaged to audit the financial statements of Essex Co.after its fiscal year had ended.The timing of Green's appointment and the start of fieldwork made confirming accounts receivable by direct communication with the customers not feasible.However,Green applied other procedures and was satisfied as to the reasonableness of the account balances.Green's auditors' report most likely contained a(n)
A) Unqualified opinion.
B) Unqualified opinion with an explanatory paragraph.
C) Qualified opinion due to a scope limitation.
D) Qualified opinion due to a departure from generally accepted auditing standards.

Question

Quizplus · Accepted Answer

Since Green was able to apply alternative procedures to confirm the reasonableness of account balances, there was no scope limitation or departure from auditing standards necessary to qualify their opinion, and no additional explanation was required. Therefore, the auditors' report most likely contained an unqualified opinion.

CGreen,CPA,was Engaged to Audit the Financial Statements of Essex Co