Zag Co. issues financial statements that present financial position and results of operations, but Zag I meant
Question:
Zag Co. issues financial statements that present financial position and results of operations, but Zag I meant the related statement of cash flows. Zag I would like to engage Brown, CPA to audits its financial statements of cash flows although Brown's access to all of the information underlying the basic financial statements would not be limited. under the circumstances, Brown most likely would
a. add an other matter paragraph to the Standard (unmodified) report that justifies the omission
b. refuse to accept the engagement as proposed because of the client imposed scope limitation
c. explain to Zag that the Omission requires a qualification of the auditor's opinion
d. prepare the statement of cash flows as an accommodation to Zag and express and unmodified opinion
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis