If the independent auditor has not become satisfied by means of other auditing procedures with respect to opening inventories, (s)he should
A. Disclaim an opinion or qualify the opinion on the statements as a whole.
B. Either disclaim an opinion on the statement of income or qualify the opinion, depending on materiality and the pervasiveness of the possible effects.
C. Either disclaim an opinion or qualify the opinion on the statement of income, regardless of the degree of materiality of the amounts involved.
D. Express an adverse opinion on the statements as a whole when the amount in question is material.
Ans: B. Either disclaim an opinion on the statement of income or qualify the opinion, depending on materiality and the pervasiveness of the possible effects.
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Indicate whether the statement is true or false