In the event that management insists on financial statement disclosure that the auditor finds unacceptable,the auditor cannot
A)issue a qualified report.
B)issue an unqualified report.
C)issue a disclaimer report.
D)issue an adverse report.

Question

Quizplus · Accepted Answer

If management insists on financial statement disclosure that the auditor finds unacceptable, the auditor cannot issue an unqualified report because an unqualified report indicates that the financial statements present fairly, in all material respects, the financial position of the company. If the disclosure is unacceptable, this fairness cannot be attested to.

In the Event That Management Insists on Financial Statement Disclosure