An auditor would issue an adverse opinion ifSelect one:a.A qualified opinion cannot be given because the auditor lacks independence.b.The audit was begun by other independent auditors who withdrew from the engagement.c.The statements taken as a whole do not fairly present the financial condition and results of operations of the company.d.The restriction on the scope of the audit was significant.

An auditor may not express a qualified opinion whenSelect one:a.An accounting principles at variance with generally accepted accounting principles is used.b.The auditor lacks independence with respect to the audited entity.c.The auditor's report refers to the work of a specialist.d.A scope limitation prevents the auditor from completing an important audit procedure.

If the auditor believes that the entity will not be able to continue as a going concern and the financial statements are prepared on a going concern basis, the auditor's report should include:Select one:a.Unqualified opinion with explanatory paragraph.b.Qualified opinion.c.Adverse opinion.d.Disclaimer of opinion.

An auditor decides to express a qualified opinion on an entity's financial statements because a major inadequacy in its computerized accounting records prevents the auditor from applying necessary procedures. The opinion paragraph of the auditor's report should state that the qualification pertains toSelect one:a.A client-imposed scope limitation.b.The possible effects on the financial statements.c.Inadequate disclosure of necessary information.d.A departure from generally accepted auditing standards.

When management prepares financial statements on the basis of a going concern and the auditor believes the company may not continue as a going concern, the auditor should issue aSelect one:a.qualified opinionb.unqualified opinion with an explanatory paragraphc.disclaimer of opiniond.adverse opinion

Which of the following is not a modified audit opinion?Group of answer choicesan unqualified opinionan adverse opiniona qualified opiniona disclaimer of opinion