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Commerce · Q326

Auditing

Graduate and Post Graduate · Commerce · question 326

Q326

The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?

A.
Unqualified opinion
Answer
B.
Qualified opinion
C.
Disclaimer of opinion
D.
Adverse opinion

Answer: Option A

Solution

Answer: Option A
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