📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    A disclaimer of opinion is issued

    when:
    A The auditor disagrees with accounting policies. Correct Answer Incorrect Answer
    B There is fraud detected. Correct Answer Incorrect Answer
    C There is a material limitation on audit scope. Correct Answer Incorrect Answer
    D There is a going concern doubt. Correct Answer Incorrect Answer
    E The financials are misrepresented. Correct Answer Incorrect Answer

    Solution

    A disclaimer is issued when sufficient audit evidence cannot be obtained, typically due to limitation of scope.

    Practice Next
    ask-question