CFA Practice Question

CFA Practice Question

When an auditor finds that the audit is insufficient in scope to render an opinion, he will issue ______.
A. an adverse opinion
B. a disclaimer of opinion
C. a qualified opinion
Explanation: A disclaimer of opinion is a statement of inability to express an opinion.

User Contributed Comments 6

User Comment
Rguerra Careful! Do not confuse a disclaimer of opinion with a qualified opinion. In the first case, the auditor is saying he/she did not do enough analysis to express an opinion. In the second, he did enough analysis and found a few problems during the audit.
Villa Good question!
dealsoutlook good explaination Rguerra i did not know that
MrsP Great Question!
visiblebob Thanks Rguerra.
Insipidity First time seeing this ... Thnks for the explanation Rguerra
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