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The Following Four Situations Require a Modification to the Standard

Question 70

Essay

The following four situations require a modification to the standard unqualified audit report.Identify the modification required for each.
a.Opinion based in part on the report of another auditor.
b.Going concern.
c.Lack of consistency.
d.Additional emphasis.

Correct Answer:

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a.This situation results in a modificati...

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