In which of the following circumstances would a qualified opinion not be appropriate?
A)A scope limitation prevents the auditors from completing an important auditing procedure.
B)The entity has failed to properly disclose going-concern uncertainties.
C)An accounting principle at variance with generally accepted accounting principles is used.
D)The auditors lack independence with respect to the audited entity.

Question

Quizplus · Accepted Answer

A qualified opinion may be appropriate in situations where there are departures from generally accepted accounting principles, scope limitations, and going-concern uncertainties. However, lack of independence is a significant violation of auditing standards and would result in a disclaimer of opinion, not a qualified opinion.

In Which of the Following Circumstances Would a Qualified Opinion