Question: You have been assigned the task of writing the audit report for the City of X. The scope includes the basic financial statements, although the report is attached to a complete Comprehensive Annual Financial Report.
a. Write the opinion paragraph.
b. Differentiate among opinions that are unqualified, qualified, adverse, and disclaimed. Give examples of situations that might cause you to
(1) qualify an opinion,
(2) issue an adverse opinion,
(3) disclaim an opinion.