An auditor is confronted with an exception sufficiently material to warrant departing from the standard wording of an unqualified report. If the exception relates to a departure from generally accepted accounting principles, the auditor must decide between a(n)
a. Adverse opinion and an unqualified opinion.
b. Adverse opinion and a qualified opinion.
c. Adverse opinion and a disclaimer of opinion.
d. Disclaimer of opinion and a qualified opinion.
Answer: B
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Certified Public Accountant
- An auditor had expressed a qualified opinion on the financial statements of a prior period because of the client's financial statements departed from generally accepted accounting principles. The prior-period statements are restated in the current period to conform with generally accepted accounting principles. The auditor's updated report on the prio-period statements should
- An auditor's report on comparative financial statements should be dated as of the date the
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