ExpertMedium1 markMultiple Choice
CPA · Question 78 · Area III: SOC Engagements
Which opinion type is issued when the system description is fairly presented and controls are effective, EXCEPT for one or more significant deficiencies?
Which opinion type is issued when the system description is fairly presented and controls are effective, EXCEPT for one or more significant deficiencies?
Answer options:
A.
Unqualified Opinion
B.
Qualified Opinion
C.
Adverse Opinion
D.
Disclaimer of Opinion
How to approach this question
Except for = Qualified.
Full Answer
B.Qualified Opinion✓ Correct
A Qualified Opinion states that the system is fairly presented and controls are effective *except for* the specific matters described.
Common mistakes
Confusing Qualified (bad/except) with Unqualified (good/clean).
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