If the auditor believes that there is minimal likelihood that resolution of an uncertainty will have a material effect on the financial report, the auditor would issue a(n):
A)adverse opinion.
B)qualified opinion.
C)disclaimer of opinion.
D)unmodified opinion.

Question

Quizplus · Accepted Answer

If the auditor believes that the uncertainty is not likely to have a material effect on the financial report, an unmodified opinion would be issued. This means that the auditor did not find anything that would require a modification or qualification of the opinion, and that the financial statements are fairly presented in all material respects.

If the Auditor Believes That There Is Minimal Likelihood That