The auditor's report will not require a modified opinion where:
A) there is a disagreement with those charged with governance.
B) a limitation of scope of the engagement exists.
C) a significant uncertainty exists.
D) the financial report is true and fair.

Question

Quizplus · Accepted Answer

The auditor's report will not require a modified opinion if the financial report is true and fair, meaning the financial statements represent the financial position and performance of the company accurately. A modified opinion is required when there are issues with the financial statements, such as a limitation of scope or significant uncertainties, or when the auditor disagrees with those charged with governance.

The Auditor's Report Will Not Require a Modified Opinion Where