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A principal auditor decides to share responsibility for the work with another CPA who audited a wholly-owned subsidiary of the entity and issued an unqualified
A principal auditor decides to share responsibility for the work with another CPA who audited a wholly-owned subsidiary of the entity and issued an unqualified opinion. The total assets and revenues of the subsidiary represent 13% and 18%, respectively, of the total assets and revenues of the entity being audited. The auditor will most likely issue a(an): Standard unmodified opinion Unmodified opinion with explanatory paragraph Unmodified opinion with changes to standard report wording Qualified opinion Disclaimer of opinion Adverse opinion
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