If an auditor was unable to obtain sufficient appropriate audit evidence concerning certain transactions due to an inadequacy in the entity's accounting records, why type of audit opinion should the auditor issue?
Audit is an independent examinations of financial information like data statement, records of any entity whether profit oriented or not irrespective of its size, legal form when such examination is conducted in order to give an opinion whether financial statements are giving a true and fair view or not.
Audit evidence means proof of misstatements found in the company it may be material or immaterial.
Evidence may be pervasive means it may limit the scope of auditor due to inability to find audit evidence
Hence auditor may give "modified" opinion when he is unable to find evidence due to inadequacy in the entity accounting records
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