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, the auditor's report will express an adverse opinion.

Question

Quizplus · Accepted Answer

If the 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, the auditor's report will express a qualified opinion, not an adverse opinion. An adverse opinion is given when the auditor believes that the financial statements are materially misstated or misleading.

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