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    Question

    An auditor finds that significant information is missing

    from financial statements and the effect is material and pervasive. What type of audit opinion should be issued?
    A Qualified opinion Correct Answer Incorrect Answer
    B Adverse opinion Correct Answer Incorrect Answer
    C Disclaimer of opinion Correct Answer Incorrect Answer
    D Unqualified opinion Correct Answer Incorrect Answer

    Solution

    When misstatement is both material and pervasive, an adverse opinion is appropriate.

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