Final answer:
An auditor would most likely issue a qualified opinion for a financial statement that has one material departure from GAAP affecting only two accounts as it indicates material misstatements that do not pervade the entire financial statements.
Step-by-step explanation:
An auditor would most likely issue a qualified opinion in cases where the financial statements deviate from generally accepted accounting principles (GAAP) but the overall financial statements are presented fairly. Therefore, the correct answer is: d. There is one material departure from GAAP that affects only two accounts.
A qualified opinion indicates that, except for the effects of the matter to which the qualification relates, the financial statements give a true and fair view. This is typically issued when there is a limitation on the scope of the audit or when there is a material misstatement that does not pervade the financial statements as a whole. A highly material and very pervasive departure from GAAP, as mentioned in option a, would likely result in an adverse opinion or a disclaimer of opinion. A change in accounting principles, as long as these are properly accounted for and disclosed (option b), would not typically lead to a qualified opinion. An immaterial misstatement (option c) would generally not affect the auditor's opinion.