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Assume that Tech Company has an uncertainty because of pending litigation. The auditor decided to issue a qualified opinion rather

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Assume that Tech Company has an uncertainty because of pending litigation. The auditor decided to issue a qualified opinion rather than an unqualified opinion. Which of the following factors most likely influenced this decision?

a. Inconsistent application of GAAP 

b. Inability to estimate the amount of loss 

c. The client’s lack of experience with such litigation 

d. Adequacy of the disclosures  

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Auditing A Risk Based Approach

Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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Question Details
Chapter # 15- Audit Reports for Financial Statement Audits..
Section: Check Your Basic Knowledge
Problem: 15
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Question Posted: September 22, 2023 15:21:38
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