The term "except for" is used in the opinion paragraph of an audit report that will be qualified for a GAAP violation.

Name: The term "except for" is used in the opinion paragraph of an audit report that will be qualified for a GAAP violation.
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The term "except for" is commonly used to qualify an audit report when there has been a deviation from GAAP. The auditor may state that the financial statements are fairly presented, except for the specific situation that caused the GAAP violation.

The Term "Except For" Is Used in the Opinion Paragraph