When will an auditor express an opinion containing the phrase except for?

Multiple Choice

• There is a high degree of uncertainty associated with the client companys future.

• They did not perform procedures sufficient to form an opinion on the valuation of accounts receivable that are material.

• The auditor is basing their opinion in part on work done by another auditor.

• The client refuses to provide for a probable income tax liability that is very material, or super-material.