Question No 42:
An external auditor gives a qualifi ed 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 suffi cient appropriate audit evidence.
C. Has found extensive errors in the fi nancial 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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