If it is not possible to obtain sufficient appropriate audit evidence, the auditor should:
A) express an unqualified opinion.
B) express a qualified, adverse or disclaimer of opinion.
C) report the client to CPA Canada.
D) express an unqualified opinion with an emphasis of matter.

Question

Quizplus · Accepted Answer

If sufficient appropriate audit evidence cannot be obtained, the auditor cannot express an unqualified opinion. The options left are to qualify the opinion (due to a limitation in scope), express an adverse opinion (indicating that material misstatements are present in the financial statements), or disclaim an opinion (indicating that the auditor is unable to provide an opinion on the financial statements). Reporting the client to CPA Canada is not a suitable option in this scenario. An emphasis of matter paragraph may be used to draw attention to a matter that is already adequately disclosed in the financial statements but is of such importance that it warrants additional emphasis by the auditor.

If It Is Not Possible to Obtain Sufficient Appropriate Audit