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If the possible effect of limitation in scope of an audit is material but not fundamental to the
financial statements, the auditor issues a qualified opinion. (Except for opinion.)
If the possible effect of limitation in scope of an audit is of fundamental importance that the auditor
is unable to express an opinion on the financial statements, the auditor issues a disclaimer of
opinion as mentioned above.
When there is a limitation in scope of auditor’s work that requires the expression of a qualified
opinion or a disclaimer of opinion, the auditor should describe the nature of the limitation in his
report and indicate the possible adjustments to the financial statements that might have been
determined to be necessary, had the limitation not existed.
Wilfykil answered the question on April 12, 2019 at 07:43
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