Question

A lack of independence will override any other scope limitation and requires a disclaimer of opinion?

1) True
2) False

Answer 1

A lack of independence will not override any other scope limitation and require a disclaimer of opinion. Therefore it is (Option 2) False.

Step-by-step explanation:

The statement that a lack of independence will override any other scope limitation and require a disclaimer of opinion is false. While a lack of independence is a significant issue in auditing and can lead to a disclaimer of opinion, it is not the sole factor. Other scope limitations, such as a lack of sufficient evidence or restrictions on the auditor's work, can also result in a disclaimer of opinion.