What kind of opinion should be expressed if a misstatement occurs in supplementary information?

When a misstatement occurs in supplementary information that accompanies the financial statements, it is important to consider how this impacts the overall opinion on those financial statements. A qualified opinion is appropriate when the financial statements are otherwise free of material misstatement but contain certain limitations or misstatements related specifically to supplementary information.

In instances where the overall financial statements present a true and fair view, but there is a misstatement in the supplementary information that is significant enough to warrant mention, the auditor may issue a qualified opinion. This indicates that the financial statements are presented fairly in all material respects, except for the identified misstatement in the supplementary information.

This approach accounts for the importance of supplementary information in providing context to the financials without undermining the credibility of the financial statements as a whole. It allows users of the statements to be informed about the issue without completely discrediting the financial statements themselves.

The other options do not appropriately reflect the nuanced situation where supplementary information impacts the opinion. An unmodified opinion regardless of conditions does not consider the implications of misstatement in supplementary data. A disclaimer is reserved for situations where the auditor is unable to obtain sufficient appropriate evidence to form an opinion on the financials. An adverse opinion for all cases fails to recognize scenarios where