Which of the following circumstances generally results in the issuance of a report that includes an opinion
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Question:
Which of the following circumstances generally results in the issuance of a report that includes an opinion that is modified?
A. The auditor is unable to obtain the financial records of a foreign subsidiary which is material to the client.
B. The group auditors for the engagement are relying on the work of component auditors.
C. The financial statements are affected by a change in accounting principle due to a new FASB pronouncement.
D. The auditors have decided to emphasize the fact that the company has engaged in material amounts of related party transactions.
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
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