Multiple Choice
CA has been engaged to audit the financial statements of Marchano Ltd., a manufacturer of toys.Several individuals are suing the company because of a toy that injured children.The company has not disclosed the lawsuit in its financial statements.The type of audit report issued should be:
A) Adverse.
B) A GAAP qualification.
C) A scope qualification.
D) Disclaimer or denial
Correct Answer:
Verified
Correct Answer:
Verified
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