If the auditor lacks independence, a disclaimer of opinion must be issued
A) if the client requests it.
B) only if it is highly material.
C) only if it is material but not pervasive.
D) in all cases.

Question

Quizplus · Accepted Answer

According to auditing standards, if the auditor lacks independence, a disclaimer of opinion must be issued in all cases. This is because the lack of independence undermines the credibility and reliability of the auditor's work and the resulting report. Therefore, independence is a fundamental requirement for an audit opinion to be issued.

If the Auditor Lacks Independence, a Disclaimer of Opinion Must