Which reporting options do auditors have if the client's financial statements are not presented according to the applicable financial framework (e.g.,GAAP,IFRS)?
A) Unqualified opinion or disclaimer of opinion.
B) Qualified opinion or disclaimer of opinion.
C) Unqualified opinion or adverse opinion.
D) Qualified opinion or adverse opinion.

Question

Quizplus · Accepted Answer

If the financial statements are not presented according to the applicable framework, auditors can issue a qualified opinion if the misstatements are material but not pervasive, or an adverse opinion if the misstatements are both material and pervasive.

Which Reporting Options Do Auditors Have If the Client's Financial