Qualified opinions can only be issued by auditors for which of the following?
A) Violations of GAAP.
B) Scope limitations.
C) Going concern.
D) Lack of independence.
E) Either A and B.

Question

Quizplus · Accepted Answer

Qualified opinions can be issued by auditors for scope limitations or violations of GAAP. Going concern and lack of independence would result in either an adverse opinion or a disclaimer of opinion, respectively. Therefore, choice E (Either A and B) is the correct answer.

Qualified Opinions Can Only Be Issued by Auditors for Which