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Don't know how to approach this question.... Any help would be greatly appreciated! Answer choices are the following: Under column B: Unmodified, Qualified, Adverse, Disclaimer
Don't know how to approach this question.... Any help would be greatly appreciated!
Answer choices are the following:
Under column B: Unmodified, Qualified, Adverse, Disclaimer
Under column C, D, and E: Omit, No change, Modify
Levine, CPA, is auditing the financial statements of a nonissuer. In auditing the long-term investments account, Levine is unable to obtain audited financial statements for an investee located in a foreign country. Levine concludes sufficient appropriate audit evidence regarding this investment cannot be obtained. For each of the situations listed in the table below, identify the appropriate opinion type and report modification by clicking in the associated cell and selecting from the option list provided. A B D E 1 Introductory Paragraph Auditor's Responsibility Paragraph Opinion Paragraph Situation Opinion Type 2 Assume the potential effect on the financial statement is immaterial. : E !!! 3 Assume the potential effect on the financial statement is moderate. : 4 Assume the potential effect on the financial statement is high
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