A 'disclaimer of opinion' is issued when:
AFS are perfect
Bauditor cannot obtain sufficient evidence and the possible effects are pervasiveCORRECT
Cauditor has all evidence
Dcompany is profitable
ICANAudit & Assurance
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Why the answer is B, and why the others tempt you.
Disclaimer: insufficient evidence AND possible effects pervasive — auditor declines to express an opinion.
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