The statement that "We are not aware of any material modifications that should be made to the accompanying financial statements" expresses which of the following?

Question

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The statement expressing that "We are not aware of any material modifications that should be made to the accompanying financial statements" is a form of negative assurance. This means that the auditor is providing limited assurance that no material modifications need to be made to the financial statements. This is commonly found in review engagements, where the auditor's scope of work is limited, and they are not providing an opinion on the financial statements.

The Statement That "We Are Not Aware of Any Material