Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 21

Eagle Company, a public company, had a computer failure and lost part of its financial data. As a result, the auditor was unable to obtain sufficient audit evidence relating to Eagle's inventory account. Assuming the inventory account is at least material, the auditor would most likely choose either
A) A qualified opinion or a disclaimer of opinion.
B) A qualified opinion or an adverse opinion.
C) An unqualified opinion with no explanatory paragraph or an unqualified opinion with an explanatory paragraph.
D) A qualified opinion with no explanatory paragraph or a qualified opinion with an explanatory paragraph.