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An entity prepares its financial statements on its income tax basis. A description of how that basis differs from GAAP should be included in the:
An entity prepares its financial statements on its income tax basis. A description of how that basis differs from GAAP should be included in the:
a. Notes to the financial statements.
b. Auditor's engagement letter.
c. Management representation letter.
d. Introductory paragraph of the auditor's report.
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