If an omission of an important audit procedure is discovered,the auditor should immediately issue a disclaimer of opinion for the audit.

Question

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If an omission of an important audit procedure is discovered, the auditor should first assess the impact on the financial statements and consider whether additional procedures can be performed to address the omission. If the auditor determines that the omission is so significant that it affects the overall adequacy of the audit, and if management does not agree to take appropriate corrective action, then the auditor may need to issue a qualified or adverse opinion, depending on the materiality of the omission. A disclaimer of opinion is only issued when the auditor is unable to obtain sufficient appropriate audit evidence to form an opinion on the financial statements as a whole.

If an Omission of an Important Audit Procedure Is Discovered,the