Question: The ISAs allow an auditor to include either of the following phrases in the auditor's opinion paragraph: (1) The financial statements present fairly in all

The ISAs allow an auditor to include either of the following phrases in the auditor's opinion paragraph: (1) "The financial statements present fairly in all material respects . . ." (2) "The financial statements give a true and fair view of". Discuss whether the ASB should adopt a similar option for U.S. audit standards.

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