Question

If an auditor determined that they are not independent of an audit client, the report generally...

If an auditor determined that they are not independent of an audit client, the report generally issued by the auditor will be:

Group of answer choices

a qualified opinion for a scope limitation

an unqualified opinion with an emphasis-of-matter paragraph

an adverse opinion

a disclaimer of opinion

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Homework Answers

Answer #1

An auditor should always be independent of the audit client. Independence of auditor is must for proper audit of financial statements. Auditor will be able to do his work freely when independent.

There are four types of opinions:

1. Unqualified opinion

2. Qualified opinion

3. Adverse opinion

4. Disclaimer opinion

A disclaimer is given when auditor does not give any opinion on the financial statement of client.

If auditor is not independent of audit client, then the report issued by the auditor will be a disclaimer of opinion

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