If financial statements contain a very material departure from GAAP such that the financial statements are virtually useless, the auditor can render a (an)
A)Qualified "except for" opinion with reference to the departure.
B)Adverse opinion with scope limitation reference.
C)Adverse opinion with reference to the departure.
D)Disclaimer of opinion.

Question

Quizplus · Accepted Answer

An adverse opinion is issued when financial statements contain a very material departure from GAAP, making them misleading or useless, and the auditor references the departure.

If Financial Statements Contain a Very Material Departure from GAAP