If the auditor has no reservations about the fairness of the financial statements but believes there is a remote possibility that resolution of an uncertainty will have a material effect on the financial statements,which of the following would the auditor issue?
A)A disclaimer of opinion.
B)An unqualified opinion with no report modifications.
C)An adverse opinion.
D)An unqualified opinion with explanatory paragraphs.

Question

Quizplus · Accepted Answer

The auditor would issue an unqualified opinion with no report modifications because the possibility of a material effect is remote, meaning it is not likely to impact the fairness of the financial statements.

If the Auditor Has No Reservations About the Fairness of the Financial