If, during the completion phase of the audit, the auditor determines that he or she has not obtained sufficient evidence to draw a conclusion about the fairness of the client's financial statements, there are two choices: accumulate additional evidence or issue either a qualified or an adverse opinion.

Question

Quizplus · Accepted Answer

The auditor has several options, not just two. They can accumulate additional evidence, issue a qualified or an adverse opinion, or they might also consider issuing a disclaimer of opinion if the limitation on the scope of the audit is so significant that the auditor cannot obtain sufficient appropriate audit evidence.

If, During the Completion Phase of the Audit, the Auditor