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Which of the following statements is incorrect? Question 18 options: An audit report on a set of F/S prepared on the regulatory basis of accounting
Which of the following statements is incorrect? Question 18 options: An audit report on a set of F/S prepared on the regulatory basis of accounting should have an "other matter" paragraph restricting its use. A client could not locate deposit slips for six months of the year. In this situation, the auditor would most likely issue a disclaimer of opinion for F/S prepared on the cash basis of accounting. A company prepared its F/S on
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