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Which of the Following Is Not Included in the Standard

Question 72

Multiple Choice

Which of the following is not included in the standard report on the financial statements?


A) An identification of the financial statements that were audited.
B) A general description of an audit.
C) An opinion that the financial statements present financial position in conformity with GAAP.
D) An explanatory paragraph commenting on the effect of economic conditions on the entity.

Correct Answer:

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