An Auditor Expresses an Unqualified Opinion on the Financial Statements

Multiple Choice

An auditor expresses an unqualified opinion on the financial statements of a publically held client. Subsequent to the audit, the client files for bankruptcy protection. The auditor issuing the unqualified opinion may:

A) cite its reliance on the work of the auditor issuing the SAS 70 report.
B) disown the opinion as it relies on the work of another auditor.
C) cite its work on the client's internal controls as the basis for issuing the opinion.
D) None of the above.