Question: A client prepares financial statements using GAAP. When that client s financial statements omit a required GAAP disclosure, the auditor should add an emphasis -
A client prepares financial statements using GAAP. When that clients financial statements omit a required GAAP disclosure, the auditor should add an emphasisofmatter section to the audit report indicating such omission and issue an unmodified opinion.
Group startsTrue or False
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
