If the auditor believes that there is minimal likelihood that resolution of an uncertainty will have a material effect on the financial statements, the auditor would issue a(n)
A) "Except for" opinion.
B) Adverse opinion.
C) Unqualified/unmodified opinion.
D) Disclaimer of opinion.

Question

Quizplus · Accepted Answer

If the auditor believes that there is minimal likelihood that resolution of an uncertainty will have a material effect on the financial statements, the auditor would issue an unqualified/unmodified opinion. This means that the auditor is satisfied with the financial statements and has no reservations about their fairness or compliance with accounting standards.

If the Auditor Believes That There Is Minimal Likelihood That