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CTP · Question #709

(Topic 8) A disclaimer opinion is required on a set of financial statements when:

The correct answer is B. the auditor is not independent. See the full explanation below for the reasoning.

Question

  • (Topic 8)

A disclaimer opinion is required on a set of financial statements when:

Options

  • Amaterial deviations from GAAP occur.
  • Bthe auditor is not independent.
  • Cthe financial statements may be misleading.
  • Dthe financial statements are fairly stated.

How the community answered

(25 responses)
  • A
    8% (2)
  • B
    72% (18)
  • C
    16% (4)
  • D
    4% (1)

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