A Disclaimer of Opinion Generally Indicates

Multiple Choice

A disclaimer of opinion generally indicates

A) The auditor is very uncertain with respect to an item and cannot form an opinion on the fairness of presentation of the financial statements as a whole.
B) Because of a lack of evidence the auditor is uncertain with respect to an isolated item that is material but not so material that the auditor cannot form an opinion on the fairness of presentation of the financial statements as a whole.
C) The auditor has observed a departure from generally accepted accounting principles that
D) The auditor has observed a departure from generally accepted accounting principles that is so material that a qualified opinion is not justified.