- 1 Marks
Question
Limitation in the scope of work may give rise to………… in an auditor’s report.
Answer
Qualified Opinion
Explanation:
When there is a limitation in the scope of the audit work, the auditor may issue a Qualified Opinion in their report. This opinion indicates that the auditor could not obtain sufficient appropriate evidence for certain aspects of the financial statements, potentially affecting the reliability of the report while still presenting an otherwise fair view of the financial position.
4o
- Tags: Audit Reporting, Auditor's Report, Qualified Opinion, Scope Limitation
- Level: Level 3
- Series: NOV 2011
- Uploader: Dotse