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. I

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
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
(B) Qualified opinion
(C) Disclaimer of opinion
(D) Adverse opinion.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Unqualified opinion.

Topics: Auditing

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