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Which statement best explains Qualified opinion?

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Question ID #25942 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Auditing Sectional Test 2026 Medium

Which statement best explains Qualified opinion?

Correct Answer: B. Audit opinion used when misstatement or scope limitation is material but not pervasive
Qualified opinion: Audit opinion used when misstatement or scope limitation is material but not pervasive

Question: Which statement best explains Qualified opinion?

A. Application of audit procedures to less than 100 percent of items in a population

B. Audit opinion used when misstatement or scope limitation is material but not pervasive

C. Susceptibility of an assertion to material misstatement before considering related controls

D. Information used by an auditor in arriving at conclusions on which the audit opinion is based

Correct Answer: B. Audit opinion used when misstatement or scope limitation is material but not pervasiveQualified opinion: Audit opinion used when misstatement or scope limitation is material but not pervasive

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Which statement best explains Qualified opinion? - MCQ Explanation

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Correct answer: B. Audit opinion used when misstatement or scope limitation is material but not pervasive