A departure from GAAP is disclosed in a note to the financial statements. The auditor should: a.

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A departure from GAAP is disclosed in a note to the financial statements. The auditor should:

a. Issue an unqualified opinion, but emphasize the matter in an explanatory paragraph.

b. Issue an unqualified opinion, with no explanatory paragraph, since the departure from GAAP is disclosed.

c. Issue a qualified opinion.

d. Disclaim an opinion.

Choose the correct answer.

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 03, 2024 02:02 AM

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A departure from GAAP is disclosed in a note to the financial statements. The auditor should: a.

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The correct answer is c Issue a qualified opinion Heres why GAAP Generally Accepted Accounting Princ...View the full answer

Auditing And Assurance Services

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