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A. Disclaimer
B. Unqualified report with explanatory paragraph
C. Qualified report
D. Representation letter
Correct answer is A - Disclaimer because If auditor is not independent then he cannot provide qualified, unqualified, representation letter. In simple words we can say Auditor is neutral person who just monitor the performance. and make sure all financial activities are as per the system and should not contradict with IAS, IFRS.
A- Disclaimer opinion..........
A provider of assurance services must be and be seen to be, independent, What is required of this to be the case? IFAC states that independence requires:
1. independence of mind- the state of mind that permits the provisions of an opinion without being affected by influences that compromise professional judgement, allowing an individual to act with integrity, and exercise objectivity and professional scepticism.
2.Independence in appearance, the avoidance of facts and circumstances that are so significant that a reasonable and informed third party, having knowledge of all relevant information, including safeguards applied, would reasonably conclude a firms or member of the assurance terms integrity, objectivity or professional scepticism had been compromised.
3. So if the auditor is not independent he should issue a disclaimer
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