Drop Down Options:

Opinion:

- Adverse Opinion

- Disclaimer of opinion

- Qualified opinion

- Qualified or adverse opinion

- Qualified or disclaimer of opinion

- Unmodified opinion

Opinion on the Financial Statements section:

- Not modified

- Modified

- Modified (disclaimer only)

- Not included

Basis for Opinion Section:

- Not modified

- Modified

- Modified (disclaimer only)

- Not included

Critical Audit Matters Section:

- Do not include

- Include

Additional Paragraph or Section:

- Additional paragraph in basis for opinion section

- Additional paragraph in opinion on the financial statements section

- Not included

Hi Expert,

I provided the necessary information for this problem. I saw some previous answers to the same question but they are wrong. Please help me with the correct answers and explain. I appreciate your help. Thank you so much in advance!

For each of the following departures from GAAP, indicate the type of opinion that the auditors would issue as well as any modifications that would be made to the standard report in the audit of an issuer. a. A departure that had an immaterial effect on the financial statements. b. A departure that had a material effect on the financial statements (this effect was not pervasive and affected only one account). c. A departure that had a material effect on the financial statements and was pervasive (affected a number of accounts on both the balance sheet and income statement)