Both disclaimers of opinion and adverse opinions are used
A)only when the condition is highly material and pervasive.
B)whether the condition is material or not.
C)regardless of the auditor's independence.
D)regardless of the client's choice of accounting method.

Question

Quizplus · Accepted Answer

Both disclaimers of opinion and adverse opinions are used when the condition is highly material and pervasive. A disclaimer of opinion is used when the auditor is unable to obtain sufficient evidence to form an opinion while an adverse opinion is used when the financial statements are materially misstated and not in accordance with accounting standards. In both cases, the condition is highly material and pervasive.

Both Disclaimers of Opinion and Adverse Opinions Are Used