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NEW QUESTION: 1
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A. css
B. html
C. jpeg
D. png
E. zip
Answer: A,B

NEW QUESTION: 2
A limitation on the scope of an audit sufficient to preclude an unqualified opinion will usually result when
management:
A. Refuses to disclose in the notes to the financial statements related party transactions authorized by the
Board of Directors.
B. Fails to correct a significant deficiency in internal control communicated to those charged with
governance after the prior year's audit.
C. Is unable to obtain audited financial statements supporting the entity's investment in a foreign
subsidiary.
D. Does not provide the auditor with an engagement letter specifying the responsibilities of both the entity
and the auditor.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Restrictions on the scope of the audit, such as the timing of the work, the inability to
obtain sufficient appropriate audit evidence, or an inadequacy in the accounting records, may require the
auditor to qualify or disclaim an opinion. Inability to obtain audited financial statements supporting the
entity's investment in a foreign subsidiary is such a restriction on the scope of the audit.
Choice "B" is incorrect. Client refusal to disclose related party transactions in the notes to the financial
statements is a GAAP problem, not a scope problem. For a GAAP problem, the auditor must either issue a
qualified or adverse opinion.
Choice "C" is incorrect. The auditor sends an engagement letter to the client, not vice versa.
Choice "D" is incorrect. Management may choose not to correct a significant deficiency in internal control if
the cost of correcting the condition outweighs the benefit.

NEW QUESTION: 3
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Answer:
Explanation:

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