A qualified opinion can be issued for which of the following?
I. When a limitation on the scope of the audit has occurred
II. When the auditor lacks independence
III. When generally accepted accounting principles have not been used
A) I and II
B) I and III
C) II and III
D) I, II and III

Question

Quizplus · Accepted Answer

A qualified opinion can be issued when there is a limitation on the scope of the audit or if generally accepted accounting principles have not been used. However, lack of independence would result in an adverse opinion or a disclaimer of opinion.

A Qualified Opinion Can Be Issued for Which of the Following