1 Listed below are several statements concerning reports on audited financial statements For each statement, note whether it is TRUE or FALSE If a statement is false, explain why a When emphasis of matter language is added to an unmodified opinion, the audit still must have been performed in accordance with GAAS and the financials must conform to GAAP or some other appropriate financial reporting framework

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Question: 1 . Listed below are several statements concerning reports on audited financial statements. For each statement, note whether it is TRUE or FALSE. If a

1 .

Listed below are several statements concerning reports on audited financial statements. For each statement, note whether it is TRUE or FALSE. If a statement is false, explain why.

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When emphasis

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matter language is added to an unmodified opinion, the audit still must have been performed in accordance with GAAS and the financials must conform to GAAP or some other appropriate financial reporting framework.

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