Under which of the following set of circumstances might the auditors disclaim an opinion?
A) The financial statements contain a departure from generally accepted accounting principles, the effect of which is material
B) The auditor is unable to obtain sufficient appropriate audit evidence on which to base the opinion
C) There has been a material change between periods in the method of the application of accounting principles
D) Differences with management that lead to trust issues on the part of the auditor

Question

Quizplus · Accepted Answer

If the auditor is unable to obtain sufficient appropriate audit evidence on which to base the opinion, they are required to disclaim an opinion. Options A and C may result in an adverse or qualified opinion, depending on the materiality of the departure or change. Option D may lead to a withdrawal from the engagement, but it does not necessarily result in a disclaimer of opinion.

Under Which of the Following Set of Circumstances Might the Auditors