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4. The lack of independence by the auditor which could lead to his/her inability to evaluate the fairness of the statements and therefore express no

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4. The lack of independence by the auditor which could lead to his/her inability to evaluate the fairness of the statements and therefore express no opinion on them will result in an "disclaimer of opinion" by the auditor. * A) True O B) False 5. Securities available for sale are debt and equity securities purchased on the intent of being held for resale by the company in the short term," A) True O B) False

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