Where there is a situation where auditor is not in a position to collect sufficient appropriate audit evidence which enables him to draw his conclusion then it is proper for the auditor to ______ an opinion due to lack of sufficient appropriate audit evidence.

Disclaim

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Adverse

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Qualified

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Clear

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Disclaim
Yes, when no evidences are obtained, auditor may provide a disclaimer of opinion. In such situation, auditor concludes the possible effects on the financial statements of undetected misstatements, if any if they could be material and pervasive.

Suggest Corrections