If a client's financial statements adequately disclose uncertainties that concern future events, the outcome of which are not reasonably estimable. The auditor's report should include a(n):
A) 'except for' qualified opinion.
B) unmodified opinion.
C) disclaimer.
D) adverse opinion.

Question

Quizplus · Accepted Answer

When uncertainties concerning future events that are not reasonably estimable are adequately disclosed in a client's financial statements, the auditor can still issue an unmodified opinion, as the disclosure meets the necessary financial reporting framework requirements.

If a Client's Financial Statements Adequately Disclose Uncertainties That Concern