When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?
Correct answer: A. Qualified opinion
- A. Qualified opinion
- B. Disclaimer of opinion
- C. Adverse opinion
- D. Unqualified report with 'an emphasis of matter' paragraph;
Explanation
A client-imposed scope restriction normally leads to a qualified opinion when the missing evidence could affect the statements but is not pervasive. A disclaimer is reserved for restrictions so pervasive that the auditor cannot form an opinion at all.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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