during a review of the financial statements of a non public entity an accountant bec 602399

During a review of the financial statements of a non-public entity, an accountant becomes aware of a lack of adequate disclosure that is material to the financial statements. If management refuses to correct the financial statement presentations, the accountant should

1. Issue an adverse opinion.
2. Issue an “except for” qualified opinion.
3. Disclose this departure from generally accepted accounting principles in a separate paragraph of the report.
4. Express only limited assurance on the financial statement presentations.