Question: An auditor decides to issue a qualified opinion on an entitys financial statements because a major inadequacy in its computerized accounting records prevents the auditor
An auditor decides to issue a qualified opinion on an entity’s financial statements because a major inadequacy in its computerized accounting records prevents the auditor from applying necessary procedures. The opinion paragraph of the auditor’s report should state that the qualification pertains to
a. A client-imposed scope limitation.
b. A departure from generally accepted auditing standards.
c. The possible effects on the financial statements.
d. Inadequate disclosure of necessary information.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
