Question

What type(s) of audit opinion(s) must an auditor issue when the client's financial statements are materially and pervasively misstated? O Qualified: yes | Adverse: yes O Qualified: yes | Adverse: no O Qualified: no | Adverse: no O Qualified: no | Adverse: yes

Answer 1

An auditor shall give a Qualified opinion when he concludes that unqualified opinion cannnot be expressed and the misstatement(individually or in aggregate) is material but not pervasive.

An auditor shall give an adverse opinion when when he considers that the misstatements is so material and pervasive that the qualification of report alone is not adequate to disclose such misstatements of Financial statements.

So the auditor will give a Adverse opinion

So Option D will be answer