Which of the following is the most likely reason for an auditor to issue a qualified opinion?
A)Inability to gather sufficient relevant information to form the basis for the opinion
B)Differences with management that lead to trust issues on the part of the auditor
C)Going concern issue
D)Difference of opinion with management on the application of generally accepted accounting principles

Question

Quizplus · Accepted Answer

The most likely reason for an auditor to issue a qualified opinion is a difference of opinion with management on the application of generally accepted accounting principles. This means that the auditor disagrees with management on how the financial statements are presented, but the disagreements are not significant enough to warrant an adverse opinion.

Which of the Following Is the Most Likely Reason for an Auditor