Multiple Choice
Restrictions imposed by an entity prohibited the observation of physical inventories,which accounted for 35% of total assets.Alternative auditing procedures were not feasible,although the auditors were able to examine satisfactory evidence for all other items in the financial statements.The auditors would most likely express
A) a qualified opinion on the entity's financial statements, referring to a departure from generally accepted accounting principles.
B) a disclaimer of opinion on the entity's financial statements.
C) an unmodified opinion on the entity's financial statements with an additional paragraph.
D) an unmodified opinion on the entity's financial statements with a modification of the Auditor's Responsibility section.
Correct Answer:
Verified
Correct Answer:
Verified
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