The auditor has conducted tests on inventory and concludes that inventory is materially overstated. Assume that inventory is $80\%$ of total assets, that the misstatement also results in material understatement of cost of sales. In addition, various liabilities and expenses have been found to be materially understated and the client is not willing to change the accounts. The auditor should issue what type of opinion?

Question $14$Select one:

a$.$

Disclaimer

b$.$

Modified $-$ Except for

c$.$

Unmodified $($Unqualified$)$

d$.$

Adverse