If inventory is the largest balance on the financial statements,a large misstatement would be so material that the auditor should issue
A)an unmodified opinion.
B)a qualified opinion.
C)an adverse opinion.
D)a disclaimer of opinion.

Question

Quizplus · Accepted Answer

An adverse opinion is issued when a misstatement is so material and pervasive that it affects the overall fairness of the financial statements.

If Inventory Is the Largest Balance on the Financial Statements,a