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A special report on financial statements prepared on the cash basis of accounting should include: O A. A qualified or adverse opinion, due to the departure from GAAP. OB. An emphasis-of-matter paragraph including a brief explanation of the cash basis of accounting. OC. A statement that the audit was conducted in accordance with generally accepted auditing standards. OD. A disclaimer of opinion because an auditor should not roport

A special report on financial statements prepared on the cash basis of accounting should include: O A. A qualified or adverse opinion, due to the departure from GAAP. OB. An emphasis-of-matter paragraph including a brief explanation of the cash basis of accounting. OC. A statement that the audit was conducted in accordance with generally accepted auditing standards. OD. A disclaimer of opinion because an auditor should not roport

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A special report on financial statements prepared on the cash basis of accounting should include: O A. A qualified or adverse opinion, due to the departure from GAAP. OB. An emphasis-of-matter paragraph including a brief explanation of the cash basis of accounting. OC. A statement that the audit was conducted in accordance with generally accepted auditing standards. OD. A disclaimer of opinion because an auditor should not roport
Transcribed Image Text:A special report on financial statements prepared on the cash basis of accounting should include: O A. A qualified or adverse opinion, due to the departure from GAAP. OB. An emphasis-of-matter paragraph including a brief explanation of the cash basis of accounting. OC. A statement that the audit was conducted in accordance with generally accepted auditing standards. OD. A disclaimer of opinion because an auditor should not roport
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