When a Previously Expressed Opinion Is Updated from Qualified to Unqualified

question 120

Multiple Choice

When a previously expressed opinion is updated from qualified to unqualified, the auditors' report on comparative financial statements should

• A)not modify the previously expressed opinion or refer to factors affecting the opinion on the prior years' financial statements.
• B)update the opinion expressed on the prior years' financial statements but provide no explanation for the updated opinion.
• C)not modify the previously expressed opinion but include a reference to the footnote describing the factors affecting the opinion on the prior years' financial statements.
• D)update the previously expressed opinion and explain the reasons for the change, including a reference to the footnote describing the change.