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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 10
Auditors found that the entity has not capitalized a material amount of leases in the financial statements. When considering the materiality of this departure from GAAP, the auditors would choose between which reporting options?
A) Unmodified opinion or disclaimer of opinion.
B) Unmodified opinion or qualified opinion.
C) Unmodified opinion with an emphasis-of-matter paragraph or an adverse opinion.
D) Qualified opinion or adverse opinion.
A) Unmodified opinion or disclaimer of opinion.
B) Unmodified opinion or qualified opinion.
C) Unmodified opinion with an emphasis-of-matter paragraph or an adverse opinion.
D) Qualified opinion or adverse opinion.
Explanation
Verified
Verified
If the departure from GAAP is material a...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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