multiple choice

22. An external auditor discovers that a payroll supervisor of the firm being audited has misappropriated $10,000. The firm's total assets and before-tax net income are $14 million and $3 million, respectively. Assuming no other issues affect the report, the external auditor's report will most likely contain a(n) A. Disclaimer of opinion. B. Adverse opinion. C. Scope qualification. D. Unmodified opinion