Which type of audit opinion is appropriate if an auditor is not deemed to be independent?
A) Adverse.
B) Disclaimer of opinion.
C) Qualified.
D) Unqualified.

Question

Quizplus · Accepted Answer

If an auditor is not deemed to be independent, the appropriate audit opinion is a Disclaimer of opinion. This opinion states that the auditor cannot express an opinion on the financial statements because they were not able to obtain sufficient and appropriate audit evidence due to the lack of independence. Adverse opinion is issued when the financial statements are materially misstated, Qualified opinion is given when there are limitations of scope or violation of generally accepted accounting principles, and Unqualified opinion is given when the financial statements present a true and fair view in accordance with the accounting standards.

Which Type of Audit Opinion Is Appropriate If an Auditor