If an auditor concludes the financial statements contain only immaterial errors, then the auditor should:
A) correct the errors.
B) have the client correct the errors.
C) issue an unqualified ("clean") opinion on the financial statements.
D) issue a qualified opinion on the financial statements.

Question

Quizplus · Accepted Answer

If the auditor determines that the errors are not material, then the financial statements can be considered fairly presented, and the auditor can issue an unqualified opinion. Correcting or having the client correct the immaterial errors is not necessary. However, if the errors were material, the auditor would need to address them before issuing an opinion.

If an Auditor Concludes the Financial Statements Contain Only Immaterial