(i) “Except for Opinion”
The opinion is qualified by stating that the financial statements give a true and fair view except for the effects of any adjustments that might have been found necessary had the limitation not affected the evidence available to the auditors.
(ii) Disclaimer of Opinion
Occurs when the auditors conclude that they have not been able to obtain sufficient evidence to support, and accordingly are unable to express an opinion on the financial statements.
Wilfykil answered the question on February 22, 2019 at 11:55
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