Choose one of the following types of opinions for each of the following questions: Unmodified, Qualified,...

Choose one of the following types of opinions for each of the following questions:

Unmodified, Qualified, Adverse, Disclaimer

1. The auditor could not obtain sufficient appropriate evidence for one material account.

2. The financial statements as a whole are not presented fairly in accordance with the applicable financial reporting framework.

3. The client does not permit inquiry of outside legal counsel. The effects of this inability to obtain sufficient appropriate evidence are pervasive.

4. Management imposed certain limited restrictions on the scope of the audit.

5. The financial statements were presented fairly, in all material respects.

6. The auditor has not performed an audit sufficient in scope to enable her to form an opinion.

Expert Solution

Unmodified Opinion : This opinion is given when the financial statements are free from any material misstatements.
Qualified Opinion : This opinion is given when the financial statements are materially misstated, however the misstatement is not pervasive.
Disclaimer of an opinion : This opinion is given when the auditor has not been able to obtain sufficient and appropriate evidence in order to be able to pass an opinion.
Adverse Opinion : This opinion is given when the financial statements are materially misstated and the misstatements are pervasive.

Question	Type of opinion
1. The auditor could not obtain sufficient appropriate evidence for one material account.	Qualified
2. The financial statements as a whole are not presented fairly in accordance with the applicable financial reporting framework.	Adverse
3. The client does not permit inquiry of outside legal counsel. The effects of this inability to obtain sufficient appropriate evidence are pervasive.	Disclaimer
4. Management imposed certain limited restrictions on the scope of the audit.	Qualified
5. The financial statements were presented fairly, in all material respects.	Unmodified
6. The auditor has not performed an audit sufficient in scope to enable her to form an opinion.	Disclaimer

ekkarill92 answered 2 years ago

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