If financial statements contain a material but non-pervasive departure from generally accepted accounting principles,the auditors should render a(n)
A) qualified opinion with reference to departure.
B) adverse opinion with scope limitation reference.
C) adverse opinion with reference to departure.
D) disclaimer of opinion.

Question

Quizplus · Accepted Answer

If there is a material but non-pervasive departure from generally accepted accounting principles, the auditors should render a qualified opinion with reference to departure. This means that the auditors believe that the financial statements are fairly presented except for the specific departure from GAAP.

If Financial Statements Contain a Material but Non-Pervasive Departure from Generally