When auditors are engaged to examine an entity's financial statements but decide to issue a disclaimer of opinion,the report would not
A) Identify management's responsibility for the financial statements.
B) Refer to any scope limitation in an additional paragraph.
C) Modify the scope paragraph to identify the basis for the disclaimer.
D) Indicate that the auditors were engaged to audit the financial statements.

Question

Quizplus · Accepted Answer

A disclaimer of opinion is issued when auditors cannot obtain sufficient evidence to form an opinion. The scope paragraph is omitted entirely, not modified, in a disclaimer of opinion.

When Auditors Are Engaged to Examine an Entity's Financial Statements