Question: An auditor practicing in the U . S . has been engaged to report on the financial statements of a U . S . entity

An auditor practicing in the U.S. has been engaged to report on the financial statements of a U.S. entity that have been prepared in accordance with a financial reporting framework generally accepted in another country. The auditor should
Understand the framework.
Be certified by the appropriate auditing or accountancy board of the other country.
Notify management that the auditor is required to disclaim an opinion on the financial statements.
Receive a waiver from the auditors state board of accountancy to perform the engagement.

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