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Under what circumstances auditor may express an unqualified opinion? 1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the entity. 2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the entity. 3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and pervasive.

Under what circumstances auditor may express an unqualified opinion? 1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the entity. 2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the entity. 3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and pervasive.

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 40RQSC
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Under what circumstances auditor may express an unqualified opinion? 1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the entity. 2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the entity. 3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and pervasive. 1, 2, and 3 1 only 2 and 3 only 1 and 4 only Auditing and Cont..pd 10:3 EN
Transcribed Image Text:Under what circumstances auditor may express an unqualified opinion? 1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the entity. 2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the entity. 3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and pervasive. 1, 2, and 3 1 only 2 and 3 only 1 and 4 only Auditing and Cont..pd 10:3 EN
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