In which one of the following instances would an auditor most likely issue a standard unqualified opinion?
A)Management's disclosures are missing or inadequate.
B)There is substantial doubt about the entity's ability to continue as a going concern.
C)There is a significant limitation on the scope of the engagement.
D)There is an immaterial deviation from GAAP related to capitalizing repairs.

Question

Quizplus · Accepted Answer

An auditor would most likely issue a standard unqualified opinion if there is only an immaterial deviation from GAAP, such as capitalizing repairs. Management's disclosures missing or inadequate, substantial doubt about the entity's ability to continue as a going concern, and significant limitations on the scope of the engagement would all require additional explanations or modifications to the opinion.

In Which One of the Following Instances Would an Auditor