Question
Which report will be submitted by an auditor, if he is
dissatisfied regarding the facts and information?Solution
An auditor will submit a qualified report if they are dissatisfied with certain facts or information in the financial statements, indicating that there are exceptions or issues that have led to a qualification of the audit opinion. In a qualified report, the auditor expresses reservations about specific aspects of the financial statements while still providing an overall opinion on the fairness of the financial statements as a whole. This report is used when the auditor believes that, except for the mentioned issues, the financial statements present a true and fair view.
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