Sunday, 21 June 2015

Cima E1 Exam Question No 18

Question No 18:

An external auditor gives a qualified audit report that is a " disclaimer of opinion " .
This means that the auditor:

A.
Has been unable to agree with an accounting treatment used by the directors in relation
to a material item.
B.
Has been prevented from obtaining sufficient appropriate audit evidence.
C.
Has found extensive errors in the financial statements and concludes that they do not
show a true and fair view.
D.
Has discovered a few immaterial differences that do not affect the auditor's opinion."

Answer: B

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