How would the auditor categorize a situation when the financial statements do not contain a note the auditor believes is necessary for fair presentation?
A)A scope limitation.
B)An uncertainty.
C)A departure from GAAP.
D)An act discreditable.

Question

Quizplus · Accepted Answer

If the financial statements do not contain a note that the auditor believes is necessary for fair presentation, it is considered a departure from GAAP (Generally Accepted Accounting Principles). The auditor would need to issue a qualified or adverse opinion indicating the departure.

How Would the Auditor Categorize a Situation When the Financial