group auditor decides not to take responsibility for the component auditor's audit of a subsidiary. The effect on the audit report is a. An additional paragraph to disclaim an opinion on the group auditor's audit. b. An additional paragraph qualifying an opinion on the group auditor's audit. c.
group auditor decides not to take responsibility for the component auditor's audit of a subsidiary. The effect on the audit report is a. An additional paragraph to disclaim an opinion on the group auditor's audit. b. An additional paragraph qualifying an opinion on the group auditor's audit. c.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A group auditor decides not to take responsibility for the component auditor's audit of a subsidiary. The effect on the audit report is
a.
An additional paragraph to disclaim an opinion on the group auditor's audit.
b.
An additional paragraph qualifying an opinion on the group auditor's audit.
c.
A detail, in terms of dollars and percentages, of the group auditor's work in the Opinion section of the audit report.
d.
A detail, in terms of dollars and percentages, of the group auditor's work in the Basis for Opinion section of the audit report.
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