During a Review of the Financial Statements of a Nonissuer

Multiple Choice

During a review of the financial statements of a nonissuer, an accountant becomes aware of a lack of adequate disclosure that is material to the financial statements. If management refuses to correct the financial statement presentations, the accountant should:

A) Issue an adverse opinion.
B) Issue an "except for" qualified opinion.
C) Disclose this departure from generally accepted accounting principles in a separate paragraph of the report.
D) Express only limited assurance on the financial statement presentations.