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Management of a nonissuer believes and the auditor is satisfied that a material loss probably will occur when pending litigation is resolved. Management is unable
Management of a nonissuer believes and the auditor is satisfied that a material loss probably will occur when pending litigation is resolved. Management is unable to make a reasonable estimate of the amount or range of the potential loss, but fully discloses the situation in the notes to the financial statements. If management does not make an accrual in the financial statements, the auditor should express a (an): A. Qualified opinion due to a scope limitation. B. Qualified opinion due to a material misstatement of the financial statements. C. Unmodified opinion with an other-matter paragraph. D. Unmodified opinion
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