Question 8 Various options are given for each of the following questions/statements. Read through each question/statement and decide on the correct option. Each question/statement has only one correct option. a. 8.4 The auditor may need to modify the audit opinion because: There is a disclosure in the financial statements which must be brought to the attention of the users due to its importance. b. The budget for the audit was exceeded. There are uncorrected misstatements that are material to fair presentation. d. None of the above. e. a. and b. C. 8.5 Which of the following will result in a disclaimer of opinion in the audit report? a. The selected accounting policies result in pervasive misstatement because they are inappropriate. b. The selected accounting policies have been appropriately selected but result in pervasive misstatement because they have not been applied in terms of the applicable standard. Significant limitations have been placed on the auditor by the client's management. d. The company had an adverse commentary on social media during the financial year which had an impact on their going concern. e. All of the above. C. 8.6 Which of the following will result in an adverse opinion in the audit report? a. A disclosure which has a material effect on fair presentation, has been omitted from the financial statements. b. The auditor wishes to draw the attention of the users to a very important matter which is disclosed in the notes to the financial statements. The selected accounting policies result in pervasive misstatement because they are inappropriate. d. The auditor is unable to obtain sufficient appropriate audit evidence due to circumstances beyond his control. All of the above. C. d. e