Which of the following statements is not true? A qualified opinion or an adverse

Question

• Which of the following statements is not true?
  • A qualified opinion or an adverse opinion may bring into question the reliability of the financial statements.
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  • A disclaimer of opinion indicates that one should not look to the auditor's report as an indication of the reliability of the statements.
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  • In some cases, outside accountants are associated with financial statements when they have performed less than an audit.
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  • A review is substantially less in scope than an examination in accordance with generally accepted auditing statements.
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  • The accountant's report expresses an opinion on reviewed financial statements.

Explanation / Answer

Ans-) The accountant's report expresses an opinion on reviewed financial statements.

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