QUESTION 14 A principal auditor is satisfied both with the independence and professional reputation of another auditor who audited a subsidiary, but wants to share responsibility with the other auditor in the audit report. The principal auditor should: A. Modify the scope and opinion paragraphs of the report B. Modify the introductory and opinion paragraphs of the report C. Not modify the report except for including an explanatory paragraph D. Modify the opinion paragraph of the report QUESTION 15 An auditor may issue a qualified opinion for: A. Inadequate disclosure: Yes Scope Limitation: Yes OB. Inadequate disclosure: Yes Scope Limitation: No C. Inadequate disclosure: No Scope Limitation: Yes D. Inadequate disclosure: No Scope Limitation: No QUESTION 16 An explanatory paragraph following an opinion paragraph describes an uncertainty as follows: As discussed in Note X to the financial statements, the company is a defendant in a lawsuit alleging infringement of certain patent rights and claiming damages. Discovery proceedings are in progress. The ultimate outcome of the litigation cannot presently be determined. Accordingly, no provision for any liability that may result upon adjudication has been made in the accompanying financial statements.What type of opinion should the auditor express in this circumstance? A. Unqualified O B. Qualified C. Disclaimer D.Adverse QUESTION 17 When an auditor is unable to obtain sufficient appropriate audit evidence, such as unable to observe a physical inventory count, the auditor should issue a(n) A. Adverse opinion B. Qualified opinion C. Unqualified opinion with an explanatory paragraph D. Disclaimer of opinion