Your client has followed approved accounting standards but a note to the financial report indicates that the application of certain standards results in the financial report being materially misstated.The note details the reasons for this view.You do not concur with this view.What type of opinion should you issue?
A)An unmodified opinion with an Emphasis of Matter.
B)A disclaimer of opinion.
C)An unmodified opinion.
D)A qualified opinion or adverse opinion.

Question

Quizplus · Accepted Answer

If the financial statements are materially misstated, a qualified or adverse opinion is appropriate, depending on the pervasiveness of the misstatement.

Your Client Has Followed Approved Accounting Standards but a Note