On completion of the examination of his client's financial statements the CPA. in his report, must either express an opinion or disclaim an opinion on the statements taken as a whole. His opinion may be unqualified, qualified, or adverse.

Required:

a. Under what general conditions may a CPA express an unqualified opinion on his client's financial statements?

b. Define and distinguish among (1) a qualified opinion. (2) an adverse opinion, and (3) disclaimer of opinion on the statements taken as a whole.

c. Indicate the effect of the opinions in

(b) above on the form of the auditor's report.

d. Indicate the proper qualifying language for the opinions in

(b) above.