Which audit opinion is issued when financial statements are materially misstated but not pervasive

date:2026-07-23 16:24:41 author:admin browse: time View comments Add Collection

Which audit opinion is issued when financial statements are materially misstated but not pervasive

Which audit opinion is issued when financial statements are materially misstated but not pervasive?

A. Unmodified opinion

B. Qualified opinion

C. Adverse opinion

D. Disclaimer of opinion

Answer: B

Explanation: Qualified opinion is for material but non-pervasive misstatements; adverse opinion is for material and pervasive misstatements.