If an auditor makes a disclaimer of opinion,this means that the auditor ________.
A)generally agrees that the company's financial records accurately represent the company's financial position,but notes a few departures from GAAPs
B)disagrees that the company's financial records accurately represent the company's financial position
C)cannot draw a conclusion about the accuracy of the company's financial records,generally due to a lack of sufficient information about the records
D)agrees that the company's financial records accurately represent the company's financial position

Question

Quizplus · Accepted Answer

A disclaimer of opinion means that the auditor cannot draw a conclusion about the accuracy of the company's financial records, generally due to a lack of sufficient information about the records. It does not necessarily mean that the auditor disagrees with the records or notes any departures from GAAPs.

If an Auditor Makes a Disclaimer of Opinion,this Means That