An auditors report includes the following statement: The financial statements do not present fairly the financial position,
Question:
An auditor’s report includes the following statement: “The financial statements do not present fairly the financial position, results of operations, or cash flows in conformity with generally accepted accounting principles.”
This auditor’s report was most likely issued in connection with financial statements that are
a. Inconsistent.
b. Based on prospective financial information.
c. Misleading.
d. Affected by a material uncertainty.
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Related Book For
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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