Show a qualified opinion on the financial statements

Assignment Help Cost Accounting

Reference no: EM132290

Question:

In the 1^st audit of a client , because of the client's record retention policies an auditor was not able to get sufficient evidence about the consistent application of accounting principles between the current and the previous year, as well as the amounts of liabilities or assets at the beginning of the current year. If the amounts in question should materially affect current operating results, the auditor would:

a. Be unable to show an opinion on the current year's results of operations and cash flows

b. Show a qualified opinion on the financial statements because of the client imposed scope limitation.

c. Withdraw from the engagement and refuse to be related with the financial statements.

d. Specifically explain that the financial statements are not comparable to the prior year because of an uncertainty

Reference no: EM132290

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