Drop Down options:

A) Adverse

B) Basis for modification paragraph (or basis for qualified opinion paragraph)

C) CPA Form

D) Disclaimer of Opinion

E) Expressing an Opinion

F) Management

G) Unmodified

H) Unqualified

I) Update

Statements Answer When a nonpublic client elects to change accounting principles from one acceptable principle to another 1. acceptable principle and the auditors agree the change is desirable, they should issue a report with a(n) opinion. The auditors issue a qualified opinion or a(n) financial statements to be inadequate. opinion, if they consider the disclosure in the client's 2 3 If the auditors have examined the prior year's financial statements presented for comparative purposes, they should their opinion for any new information. 4 If a scope limitation is so severe that a qualified opinion is inappropriate, the auditors should issue an) 5. Responsibility for the preparation and fair presentation of the financial statements rests with the