Question 36 The auditors include an emphasis-of-matter paragraph in report with an unmodified opinion in order to emphasize that the entity being reported upon is a subsidiary of another business enterprise. The inclusion of this paragraph: Group of answer choices Is appropriate and would not negate the unmodified opinion. Is considered a qualification of the opinion. Is a violation of generally accepted reporting standards if this information is disclosed in notes to the financial statements. Necessitates a revision of the opinion paragraph to include the phrase "with the foregoing explanation."
Question 36 The auditors include an emphasis-of-matter paragraph in report with an unmodified opinion in order to emphasize that the entity being reported upon is a subsidiary of another business enterprise. The inclusion of this paragraph: Group of answer choices Is appropriate and would not negate the unmodified opinion. Is considered a qualification of the opinion. Is a violation of generally accepted reporting standards if this information is disclosed in notes to the financial statements. Necessitates a revision of the opinion paragraph to include the phrase "with the foregoing explanation."
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 36
The auditors include an emphasis-of-matter paragraph in report with an unmodified opinion in order to emphasize that the entity being reported upon is a subsidiary of another business enterprise. The inclusion of this paragraph:
Group of answer choices
Is appropriate and would not negate the unmodified opinion.
Is considered a qualification of the opinion.
Is a violation of generally accepted reporting standards if this information is disclosed in notes to the financial statements.
Necessitates a revision of the opinion paragraph to include the phrase "with the foregoing explanation."
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