Auditing and Assurance Services 1st Edition by Iris Stuart

Exercise 16

When the financial statements contain a departure from generally accepted accounting principles, the effect of which is material, the auditor should a. Qualify the opinion and explain the effect of the departure from GAAP in a separate paragraph.
B) Qualify the opinion and describe the departure from GAAP within the opinion paragraph.
C) Disclaim an opinion and explain the effect of the departure from GAAP in a separate paragraph.
D) Disclaim an opinion and describe the departure from GAAP within the opinion paragraph.