Short Answer
For each of the following situations, indicate what type of audit report is most appropriate:
I.The auditor lacks independence in fact, but not necessarily in appearance.
II.There is a scope limitation and it is material, but the overall financial statements are still presented fairly.
III.The uncorrected misstatements are immaterial.
IV.There is a departure from Generally Accepted Accounting Principles (GAAP), and it is pervasively material.
Correct Answer:

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