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ABC Oil Exploration was undergoing a financial statement audit. The auditors could not obtain sufficient evidence about the inventory value of ABC Oil as on the Balance Sheet date. However, based on the numbers reported in the Balance Sheet, they realized that inventory makes up a big chunk of ABC's total assets. This might result in: A) No impact on the audit report B) An Adverse opinion C) An unqualified opinion D) A disclaimer of opinion.

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ABC Oil Exploration was undergoing a financial statement audit. The auditors could not obtain sufficient evidence about the inventory value of ABC Oil as on the Balance Sheet date. However, based on the numbers reported in the Balance Sheet, they realized that inventory makes up a big chunk of ABC's total assets. This might result in: A) No impact on the audit report B) An Adverse opinion C) An unqualified opinion D) A disclaimer of opinion

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