The auditor's opinion is expressed in reference to the financial report as a whole. This means that
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The auditor's opinion is expressed in reference to the financial report as a whole. This means that the auditor must:
A. Not be overly concerned about individual amounts on the financial report.
B. Consider whether the firm has made a profit or a loss.
C. Consider whether the report creates an impression that is consistent with the auditor's intimate knowledge of the entity and its financial condition.
D. Decide whether the statements are a complete financial report as required by accounting standards.
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Related Book For
Modern Auditing And Assurance Services
ISBN: 9781118615249
6th Edition
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
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