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Commerce · Q344

Auditing

Graduate and Post Graduate · Commerce · question 344

Q344

A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should:

A.
Issue a standard unqualified audit report
B.
Issue a qualified report
Answer
C.
Issue an unqualified report with 'emphasis of matter' paragraph
D.
Disclaim opinion

Answer: Option B

Solution

Answer: Option B
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