If an attorney refuses to provide the auditor with information about material existing lawsuits or unasserted claims, auditing standards require that the auditor issue an adverse opinion to reflect the lack of available evidence.

Question

Quizplus · Accepted Answer

Auditing standards require the auditor to consider the lack of information as a scope limitation and possibly issue a qualified opinion or a disclaimer of opinion, not necessarily an adverse opinion. An adverse opinion is issued when the financial statements are materially misstated.

If an Attorney Refuses to Provide the Auditor with Information