Question: tor. D Question 5 2.5 pts READ THIS VERY CAREFULLY. Webex Associates is the group (principal) auditor for ECW, Inc.'s consolidated financial statements. ECW, Inc.

 tor. D Question 5 2.5 pts READ THIS VERY CAREFULLY. Webex

tor. D Question 5 2.5 pts READ THIS VERY CAREFULLY. Webex Associates is the group (principal) auditor for ECW, Inc.'s consolidated financial statements. ECW, Inc. is not a public company. Webex audited ECW, Inc, the parent company, and a component auditor (other auditor) audited one of ECW's subsidiaries. The component auditor issued an unmodified opinion on the subsidiary's financial statements. Webex did not find any material misstatements in the process of performing its auditing procedures related to ECW, Inc. Webex Associates is not accepting responsibility for the work of the component (other) auditor. Which of the following statements is CORRECT concerning the report(s) that Webex will issue on ECW Inc.'s consolidated financial statements? O There will be two reports issued with ECW's consolidated statements. Webex Associates will include the component (other) auditor's unmodiifed opinion report in addition to Webex's report and Webex's report will issue a qualified opinion on the consolidated financial statements. Webex Associates' report does not have to make reference to the work of the component (other) auditor but Webex will issue an unmodiifed opinion on the consolidated financial statements. Webex Associates must refer to the amount of work performed by the component (other) auditor and Webex will issue a qualified opinion on the consolidated financial statements. O Webex Associates' report must refer to the amount of work performed by the component auditor and Webex issues an unmodified opinion on the consolidated financial statements. X 32 + EP Fe

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