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CPA Firm A has performed most of the audit of Consolidated Company's financial statements and qualifies as the group auditor. CPA Firm B did the

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CPA Firm A has performed most of the audit of Consolidated Company's financial statements and qualifies as the group auditor. CPA Firm B did the remainder of the work. Firm A wishes to assume full responsibility for Firm B's work. Which of the following statements is correct? In such circumstances, when appropriate requirements have been met, Firm A should issue a standard unmodified opinion on the financial statements. Such assumption of responsibility violates professional standards. In such circumstances, when appropriate requirements have been met, Firm A should issue a standard unmodified opinion on the financial statements but should make appropriate reference to Firm B in the audit report. CPA Firm A should normally qualify its audit report on the basis of the scope limitation involved when another CPA firm is involved. CPA Firm A has performed most of the audit of Consolidated Company's financial statements and qualifies as the group auditor. CPA Firm B did the remainder of the work. Firm A wishes to assume full responsibility for Firm B's work. Which of the following statements is correct? In such circumstances, when appropriate requirements have been met, Firm A should issue a standard unmodified opinion on the financial statements. Such assumption of responsibility violates professional standards. In such circumstances, when appropriate requirements have been met, Firm A should issue a standard unmodified opinion on the financial statements but should make appropriate reference to Firm B in the audit report. CPA Firm A should normally qualify its audit report on the basis of the scope limitation involved when another CPA firm is involved

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