When the auditor is unable to obtain sufficient,competent evidence concerning the beginning inventory,which is material,the report is modified by adding an explanatory paragraph prior to the opinion paragraph and the auditor would issue an adverse opinion.

Question

Quizplus · Accepted Answer

If the auditor cannot obtain sufficient evidence for the beginning inventory, they would typically issue a disclaimer of opinion, not an adverse opinion, due to the scope limitation.

When the Auditor Is Unable to Obtain Sufficient,competent Evidence Concerning