During a Review of the Financial Statements of a Nonpublic

Multiple Choice

During a review of the financial statements of a nonpublic entity, an accountant becomes aware of inadequate 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.