In reviewing subsequent events, the auditor reviewed a number of sales transactions that raised serious concerns in relation to the recorded value of stocks. The auditor believes that stock should be written down by 15 per cent in the financial statements, but management is satisfied that stock is fairly stated. The auditor should issue:

(a) an unqualified opinion.

(b) an adverse opinion.

(c) adisclaimer of opinion.

(d) an ‘except for’ opinion.

Choose the best answer.