Eagle Company's financial statements contain a departure from generally accepted accounting principles because, due to unusual circumstances,
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Eagle Company's financial statements contain a departure from generally accepted accounting principles because, due to unusual circumstances, the statements would otherwise be misleading. The auditor should express an opinion that is
a. Unqualified but not mention the departure in the auditor's report.
b. Unqualified and describe the departure in a separate paragraph.
c. Qualified and describe the departure in a separate paragraph.
d. Qualified or adverse, depending on materiality, and describe the departure in a separate paragraph.
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Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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