Discussion
____________ is given when the Auditor is unable to form an overall opinion about the matters contained in the Financial Statements
Answer: B
A disclaimer of opinion is given when the auditor cannot form an overall opinion on the matters in the financial statements, usually because he could not get sufficient appropriate audit evidence and the possible effect is both material and pervasive. A qualified report is given when the auditor has a reservation on one matter but the statements are otherwise fair. An adverse opinion says that the statements do not give a true and fair view, and a clean report says they do.
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