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Pete, a CPA, is participating in an audit engagement of ABC Company. He has performed the audit and has determined that an unqualified/unmodified is to
Pete, a CPA, is participating in an audit engagement of ABC Company. He has performed the audit and has determined that an unqualified/unmodified is to be issued but he would like to expand on the rationale for the unqualified/unmodified opinion. What are the situations in which an explanatory paragraph would be necessary in an unqualified/unmodified opinion.
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