When the financial statements contain a misstatement, the effect of which is material but not pervasive, the auditor should

a. Qualify the opinion and include a basis for qualified opinion paragraph that describes the matter resulting in the qualification.
b. Qualify the opinion and describe the misstatement within the opinion paragraph.
c. Disclaim an opinion and explain the effect of the misstatement in a disclaimer of opinion paragraph.
d. Disclaim an opinion and describe the misstatement within the opinion paragraph.

Ans: a. Qualify the opinion and include a basis for qualified opinion paragraph that describes the matter resulting in the qualification.

Business

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