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Find what the auditor may

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Reference no: EM132688420

Problem 1: An auditor concludes that there is a material inconsistency in the Director's report within an annual report to shareholders containing the audited financial report. If the auditor concludes that the financial report does not require revision, but the client refuses to revise or eliminate the material inconsistency, the auditor may:

Select one:

a. Issue a qualified opinion after discussing the material inconsistency with the client's board of directors.
b. Consider the matter closed since the Director's report information is not in the audited financial report.
c. Disclaim an opinion on the financial statements after explaining the material inconsistency in a separate explanatory paragraph.
d. Revise the auditor's report to include an 'Other Information' paragraph describing the material inconsistency.

Reference no: EM132688420

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