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Sir when the auditor should give a disclaimer opinion or the adverse opinion?
As per my knowledge Adverse is when u have significant material misstatement relating to financial info. However Disclaimer is all limitation of scope of auditor by client.. For example his independence may be is getting compromised.
Adverse: there is a material misstatement that is pervasive.
Disclaimer: the auditor has been unable to collect sufficient appropriate audit evidence and this gap in evidence is pervasive.
Pervasive = affecting everything ie so great the FS are a waste of paper.
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