Auditors who are reporting on financial statements that contain a material departure from generally accepted accounting principles should include an additional paragraph and
A)Express a qualified or adverse opinion.
B)Not modify the opinion paragraph as long as the departure is adequately disclosed in a footnote.
C)Disclaim an opinion on the financial statements.
D)Express a qualified opinion or disclaimer of opinion.

Question

Quizplus · Accepted Answer

When financial statements contain a material departure from GAAP, auditors should express a qualified or adverse opinion, depending on the severity of the departure.

Auditors Who Are Reporting on Financial Statements That Contain a Material