Which of the following opinions would an auditor make for a company that has materially misstated certain items on its financial statements?
A)an unqualified opinion
B)an adverse opinion
C)a qualified opinion
D)a disclaimer of opinion

Question

Quizplus · Accepted Answer

An adverse opinion would be given in the case of a material misstatement in order to highlight to the users of the financial statements that the information presented is not reliable. An unqualified opinion would be given if the financial statements are presented fairly in all material respects, a qualified opinion if there is a limitation in scope or a departure from GAAP, and a disclaimer of opinion if the auditor is unable to obtain sufficient evidence to form an opinion.

Which of the Following Opinions Would an Auditor Make for a Company