2.00 points Which of the following requires an explanatory paragraph in the independent auditors' report? Basing the opinion on the work of another auditor. uncertainties about the outcome of a significant event that would have affected the presentation of the financial statements Substantial doubt about the entity's viability to continue as a going concem None of the above O Type here to search | Question 47 (of 50) 47 value 2.00 points An audit conducted in accordance with generalily accepted auditing standards includes each of the following except O assessment of the accounting principles used and significant estimates made by management O evaluation of the efficiency and effectiveness of management. planning and performance of the audit to obtain reasonable assurance that the financial statements are free of material misstatements O examination, on a test basis, of evidence supporting the amounts and disclosures in the financiel statements O Type here to search 48, 2.00 points Which of the following is the proper paragraph sequence for an independent Auditors Repont? Introduction, scope, opinion. O Introduction, opinion, scope. O Scope, introduction, opinior O Opinion, scope, summary. Type here to search up Question 49 (ot 50) 49. 2.00 points Management's statement of responsibility: O usually refers to the company's system of internal controls O gives the president of the company an opportunty to explain why profits changed O emphasizes that the auditors are responsible for the financial statements. O includes a disclaimer of responsibility for the level of the P/E ratio of the company's common stock O Type here to search 50. 2.00 points The notes to the financial statements O explain the significant accounting policies of the company O usually disclose the amount of the company's bed debts expense. O describe management's product development plans for the coming year O are not an integral part of the financial statements O Type here to search esc 2