Which of the following phrases should be included in the opinion paragraph when an auditor expresses a qualified opinion?

Question

Quizplus · Accepted Answer

Choice "D" is correct. No No. A qualified opinion phrase is, "in our opinion, except for [ of problem] as discussed in the preceding paragraph . . ." Choice "A" is incorrect, as "when read in conjunction with Note X" is not a phrase included in the opinion paragraph of a qualified opinion. Choice "B" is incorrect, as "with the foregoing " is not a phrase included in the opinion paragraph of a qualified opinion. Choice "C" is incorrect. Neither phrase is included in the opinion paragraph of a qualified opinion. (This is why it's important to memorize the qualifying phrases as well as the standard independent auditor's report.)

Which of the Following Phrases Should Be Included in the Opinion