When an auditor lacks independence with respect to a client,which of the following should the auditor issue?
A)A disclaimer of opinion.
B)An adverse opinion.
C)A qualified opinion with explanatory paragraph.
D)An unqualified opinion.

Question

Quizplus · Accepted Answer

If an auditor lacks independence with respect to a client, the auditor cannot issue an unqualified, qualified, or adverse opinion. The only possible opinion that can be issued is a disclaimer of opinion, which means the auditor cannot offer an opinion on the financial statements due to the lack of independence.

When an Auditor Lacks Independence with Respect to a Client,which