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As you have studied, audit reports may contain different opinion and/or contain various explanatory paragraphs. The most commonly report that is issued is the standard

As you have studied, audit reports may contain different opinion and/or contain various explanatory paragraphs. The most commonly report that is issued is the standard unqualified.

What is the difference between the different opinions and/or explanatory paragraphs? How does the issuance of a report other than standard unqualified impact a company? Explain.

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