The auditor's report of the Huge Mega Company indicates that the financial statements are fairly presented except for the goodwill balance,which does not comply with International Financial Reporting Standards.The auditor's report is
A)unmodified.
B)unmodified with an explanatory paragraph.
C)qualified.
D)adverse.

Question

Quizplus · Accepted Answer

A qualified report is issued when the financial statements of a company are fairly presented except for a certain area or exception, in this case, the goodwill balance not complying with International Financial Reporting Standards.

The Auditor's Report of the Huge Mega Company Indicates That