unqualified, qualified, adverse, or disclaimer

A group auditor decides not to take responsibility for the component auditor's audit of a subsidiary. The effect on the audit report is a. An additional paragraph to disclaim an opinion on the group auditor's audit. b. An additional paragraph qualifying an opinion on the group auditor's audit. c. A detail, in terms of dollars and percentages, of the group auditor's work in the Opinion section of the audit report. d. A detail, in terms of dollars and percentages, of the group auditor's work in the Basis for Opinion section of the audit report.

Hansh

Please answer

S1: lf an auditor's report on the prior period included a modified opinion and the matter which gave rise to the modification is unresolved, the auditor's opinion on the prior period's financial statements should be modified. S2: The auditor's opinion on comparative financial statements should refer to each period for which financial statements are presented and on which an audit opinion is expressed. S3: Reference to the work of an auditor's expert in an auditor's report containing an unmodified opinion unless required by law or regulation to do so.    O S1 and S2 are true  O S2 and S3 are true  O All statements are true  O All statements are false

4. Which of the following statements is true regarding the independent auditors' report? a) A qualified opinion is considered a "clean" opinion since the financials qualify as being in accordance with GAAP. b) An unmodified (unqualified) opinion is given when the financial statements are fairly stated in all material respects, except for a certain issue that the auditors identify in a separate paragraph in their report. c) A disclaimer of opinion is given when the auditors have completed the audit and have found that the financial statements are not fairly stated in all material respects. d) Adverse opinions are fairly common, due to the adverse relationships between auditors and their clients. e) None of the above.