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If a clients revenue is overstated by $100,000, and that clients expenses are also overstated by $100,000, what effect do those overstatements have on net
If a clients revenue is overstated by $100,000, and that clients expenses are also overstated by $100,000, what effect do those overstatements have on net income? Assuming $100,000 is material in amount for both the clients revenue account and for its expense accounts, would an auditor issue an unqualified/unmodified opinion in this scenario? Why or why not?
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