ecause of inadequate records the auditor is uncertain as to whether the company’s major investment is recorded at the correct cost. The auditor should issue a/an: A. Unqualified opinion with explanatory paragraph B. Qualified opinion C. Adverse opinion D. Disclaimer opinion

ecause of inadequate records the auditor is uncertain as to whether the company’s major investment is recorded at the correct cost. The auditor should issue a/an: A. Unqualified opinion with explanatory paragraph B. Qualified opinion C. Adverse opinion D. Disclaimer opinion

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter4: Professional Legal Liability

Section: Chapter Questions

Problem 2CYBK

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Question

Because of inadequate records the auditor is uncertain as to whether the company’s major investment is recorded at the correct cost. The auditor should issue a/an:

A. Unqualified opinion with explanatory paragraph
B. Qualified opinion
C. Adverse opinion
D. Disclaimer opinion

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