With regard to disclosures in the financial statements Group of answer choices inadequate disclosures are a GAAP
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With regard to disclosures in the financial statements Group of answer choices inadequate disclosures are a GAAP departure and require the addition of a paragraph to the audit report the audit report should always explicitly discuss whether disclosures are adequate. the audit report should not mention disclosures because they only provide supplementary information and investors are primarily interested in the amounts in the statements. inadequate disclosures are a GAAP departure and are addressed in the opinion paragraph without the addition of a separate paragraph.
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