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What type of opinion should auditor express in circumstance

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Reference no: EM132756886

An explanatory paragraph following an opinion paragraph that describes an uncertainty follows:

As discussed in Note X to the financial statements, the company is a defendant in a lawsuit alleging infringement of certain patent rights and claiming damages. Discovery proceedings are in progress. The ultimate outcome of the litigation cannot presently be determined. Accordingly, no provision for any liability that may result upon adjudication has been made in the accompanying financial statements.

Problem 1: What type of opinion should the auditor express in this circumstance?

a. unqualified

b. qualified

c. disclaimer

d. adverse

Reference no: EM132756886

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