Question: Match each the following statements with the appropriate type of

Match each the following statements with the appropriate type of auditors’ report (each auditors’ report may be used once, more than once, or not at all):
A. Adverse.
D. Disclaimer.
Q. Qualified.
S. Standard unmodified.
Statement Type of Audit Report
a. The auditors are unable to determine the overall fairness of the financial statements.
b. This is the report most clients prefer.
c. A limitation on the scope of the audit is significant, but not so as to overshadow an overall opinion.
d. The financial statements are not fairly presented.
e. A material departure from GAAP exists, but not so material as to overshadow an overall opinion.




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  • CreatedOctober 25, 2014
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