Question: explain why the auditor should not qualify the report. [15] An auditor has determined that the financial statements contain no material misstatement but that an

explain why the auditor should not qualify the report. [15] An

explain why the auditor should not qualify the report.

[15] An auditor has determined that the financial statements contain no material misstatement but that an uncertainty exists. The uncertainty involves a potential material loss that is not reasonably estimable, but management has adequately disclosed this uncertainty. Consequently, the auditor will A. Qualify the opinion. B. Not qualify the opinion but add an additional paragraph to the report. C. Not qualify the opinion or modify the report. D. Express an adverse opinion. The correct answer is C

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