When there is an uncertainty surrounding the financial statements, the auditor may still be able to give an unqualified opinion.

Question

Quizplus · Accepted Answer

Although there may be uncertainty surrounding the financial statements, the auditor may still be able to provide an unqualified opinion if they believe the financial statements fairly present the financial position and operating results of the company. However, the auditor may need to disclose the uncertainty in the audit report.

When There Is an Uncertainty Surrounding the Financial Statements, the Auditor