Material disagreements with management will result in either:
A)an adverse opinion or an unqualified opinion.
B)a qualified opinion or adverse opinion.
C)an emphasis of matter or adverse opinion.
D)an unqualified opinion or a qualified opinion.

Question

Quizplus · Accepted Answer

Material disagreements with management will result in either a qualified opinion or an adverse opinion. A qualified opinion means that the auditor has found some issues in the financial statements, but they are not significant enough to warrant an adverse opinion. An adverse opinion means that the auditor has found significant issues in the financial statements that materially impact their overall accuracy and reliability. Therefore, the best choice is B.

Material Disagreements with Management Will Result in Either