Question

Due to lack of audit evidences, auditor issues a__________.

• A. Qualified opinion
• B. Unqualified opinion
• C. Adverse opinion
• D. Disclaimer opinion

Answer 1

Answer: (D)

Disclaimer opinion

Disclaimer of opinion - An inability to form an opinion should be expressed when a scope limitation exists and sufficient appropriate audit evidence to resolve the uncertainty resulting from the limitation cannot reasonably be obtained and the possible effects of the adjustments that might have been required to resolve the uncertainty are of such a magnitude or so pervasive or fundamental that the auditor is unable to express an opinion on the financial report taken as a whole.