Audit report - qualified and disclaimer of opinion

[Bijay Shrestha]

Dear Friends,

Can an Auditor give both Qualified Opinion and Disclaimer of Opinion in the same Audit Report ?

Actually the Auditor wants to give qualified opinion in some area and for some other area he couldnot get the enough evidence, thats why he wants to give disclaimer also.

AI Summary

Auditor Clarification: Cannot Combine Qualified Opinion and Disclaimer in One Report per Auditing Standards 705. An auditor questioned whether they can issue both a Qualified Opinion and a Disclaimer of Opinion in the same audit report due to insufficient evidence in some areas. Responses clarified that an audit report cannot include a disclaimer clause as it undermines the audit's purpose. Instead, the auditor should document efforts to obtain evidence. It was explained that opinions can be modified in three distinct ways: Qualified, Adverse, and Disclaimer, as outlined in the Standards on Auditing 705. The discussion referenced relevant standards and emphasized the auditor's responsibility to provide a clear opinion.