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Which circumstances disclaimer of opinion not be appropriate

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Reference no: EM132756880

Problem 1: Under which of the following circumstances would a disclaimer of opinion not be appropriate?

a. The financial statements fail to contain adequate disclosure concerning related party transactions.

b. The auditor is engaged after fiscal year-end and is unable to observe the physical inventories or apply alternative procedures to verify their balances.

c. The auditor is unable to determine the amounts associated with fraud committed by the client's management.

d. The client refuses to permit its attorney to furnish information requested in a latter of audit inquiry.

Reference no: EM132756880

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