Select the necessary words from the list of possibilities to complete the following statements. 1 Statements Answer 1. Responsibility for the preparation and fair presentation of the financial statements rests with the 2. A(n) opinion is an opinion that the financial statements of a public company fairly present financial position, results of operations, and cash flows, in conformity with generally accepted accounting principles. 3 When financial statements contain a material departure from generally accepted accounting principles, the auditors qualify their opinion, or they issue a(n). opinion depending on the materiality of the departure. All nonpublic company audit reports that are qualified should contain an) qualification explaining the details of the 4 5 If a scope limitation is so severe that a qualified opinion is inappropriate, the auditors should issue an)