Which of the Following Statements Is Not True in Relation

Question

Examlex · Accepted Answer

The Answer is i.A disclaimer of opinion is appropriate when the auditor is unable to obtain sufficient appropriate audit evidence on which to base the opinion, the auditor concludes that the possible effects on the financial report of undetected misstatements, if any, could be both material or pervasive.
ii.An adverse opinion is appropriate when, the auditor, having obtained sufficient appropriate audit evidence, concludes that misstatements, individually or in the aggregate, are both material and pervasive to the financial report.
iii.An emphasis of matter is a paragraph in the auditor's report that refers to a matter appropriately presented or disclosed in the financial report that, in the auditor's judgement, is of such importance that it is fundamental to users' understanding of the financial reports.An emphasis of matter is not a qualification.

Which of the Following Statements Is Not True in Relation

Definitions: