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Question

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.

A
Disclaim
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B
Adverse
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C
Qualified
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D
Clear
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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.

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