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A. css
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E. jpeg
Answer: A,D
NEW QUESTION: 2
A limitation on the scope of an audit sufficient to preclude an unqualified opinion will usually result when
management:
A. Does not provide the auditor with an engagement letter specifying the responsibilities of both the entity
and the auditor.
B. Fails to correct a significant deficiency in internal control communicated to those charged with
governance after the prior year's audit.
C. Refuses to disclose in the notes to the financial statements related party transactions authorized by the
Board of Directors.
D. Is unable to obtain audited financial statements supporting the entity's investment in a foreign
subsidiary.
Answer: D
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
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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
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NEW QUESTION: 3
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Answer:
Explanation:
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