alleryStart learning →A misstatement in one account balance with no pervasive effect leads to which report?
AUnqualified report
BAdverse report
CDisclaimer report
DQualified report
Answer & Solution
Correct answer: D. Qualified report
A material but non-pervasive misstatement in one item calls for a qualified opinion.
Keep practising Audit Report
Browse all Audit Report questions for CA Inter, or explore more Auditing topics.
Related questions
Does a going concern emphasis of matter necessarily mean imminent insolvency?Under UK and Irish standards, an entity is a going concern unless management does what?Which item would an auditor weigh when judging doubt about going concern?For how long must an auditor test going concern ability after the audited statement date?The going concern principle allows a company to defer which items to future periods?How does the value of a going concern compare with its breakup value?The going concern basis is presumed unless what is imminent?When liquidation of an entity becomes imminent, which basis is used for its statements?