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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