If an auditor identifies limited problems with the firm's financial methods and statements but believes that in all other aspects the statements are fair and accurate,which of the following will be expressed in the auditor's report?
A)adverse opinion
B)qualified opinion
C)unqualified opinion
D)recommended opinion

Question

Quizplus · Accepted Answer

In this scenario, the auditor's report will express a qualified opinion. This is because the limited problems identified by the auditor would cause them to have some reservations about the accuracy and fairness of the financial statements, even though they believe that the statements are otherwise correct. A qualified opinion will highlight the issues that have been identified and the potential impact on the financial statements, but will still ultimately allow for the statements to be considered as fairly presented.

If an Auditor Identifies Limited Problems with the Firm's Financial