Doe, an Independent Auditor, Was Engaged to Perform an Audit

Doe, an independent auditor, was engaged to perform an audit of the financial statements of Ally Incorporated one month after its fiscal year had ended. Although the inventory count was not observed by Doe, and accounts receivable were not confirmed by direct communication with debtors, Doe was able to obtain sufficient appropriate audit evidence by applying alternative auditing procedures. Doe's audit report will probably contain:

A) A standard unmodified opinion.
B) An unmodified opinion and an emphasis-of-matter paragraph.
C) Either a qualified opinion or a disclaimer of opinion.
D) An "except for" qualification.

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