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An Auditor's Report That Refers to the Use of an Accounting

Question 691

Multiple Choice

An auditor's report that refers to the use of an accounting principle at variance with generally accepted accounting principles contains the words, "In our opinion, with the foregoing Explanation, the financial statements referred to above present fairly...." This is considered an:


A) Adverse opinion.
B) "Except for" qualified opinion
C) Unqualified opinion with an explanatory paragraph.
D) Example of inappropriate reporting.

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