If an extremely material scope limitation exists, the auditor should express:
A) an adverse opinion.
B) a qualified opinion.
C) a disclaimer of opinion.
D) either a disclaimer of opinion or a qualified opinion.
E) either a qualified opinion or an adverse opinion.

Question

Quizplus · Accepted Answer

A disclaimer of opinion is appropriate when the auditor is unable to obtain sufficient appropriate audit evidence on which to base the audit opinion, and the auditor concludes that the possible effects on the financial statements of undetected misstatements, if any, could be both material and pervasive.

If an Extremely Material Scope Limitation Exists, the Auditor Should