The client has presented all required financial statements with the exception of the statement of cash flows.The auditor has completed the audit and is satisfied that everything,with the exception of the missing statement,is presented fairly.As a result,the auditor would likely issue
A)a qualified opinion.
B)an unmodified opinion.
C)a disclaimer of opinion.
D)either an unmodified or qualified opinion.

Question

Quizplus · Accepted Answer

A qualified opinion is likely because the financial statements are missing a required component, the statement of cash flows, which means the financial statements are not completely in accordance with the applicable financial reporting framework.

The Client Has Presented All Required Financial Statements with the Exception