Write short notes on Disclaimer of opinion

Auditing and Assurance Revision Questions and Answers

Answer

Depending upon the circumstances, an auditor expresses an opinion on the financial statement. A disclaimer of opinion should be expressed when the possible effect of a limitation on scope is so material and pervasive that the auditor has not been able to obtain sufficient appropriate audit evidence and accordingly is unable to express an opinion on the financial statements.



Leave a Reply

Your email address will not be published. Required fields are marked *