If the auditor plans to disclaim an opinion and the procedures performed by the auditor caused the auditor to identify a material weakness,the auditor's report should include
A)the disclaimer opinion with no mention of the material weakness
B)a qualified opinion with a definition of material weakness and a description of the particular weakness identified by the auditor
C)an adverse opinion with a definition of material weakness and a description of the particular weakness identified by the auditor
D)the disclaimer opinion with a definition of material weakness and a description of the particular weakness identified by the auditor

Question

Quizplus · Accepted Answer

When an auditor plans to disclaim an opinion and identifies a material weakness, the auditor's report should include a disclaimer opinion with a definition of material weakness and a description of the particular weakness identified by the auditor. This is because the identification of a material weakness is a required communication in the auditor's report, even if the auditor is disclaiming an opinion on the financial statements. Therefore, option D is the best choice. The other options (A, B, and C) are incorrect because they do not include the required communication of the material weakness.

If the Auditor Plans to Disclaim an Opinion and the Procedures