: When client-imposed restrictions significantly limit the scope of the audit, the auditor generally should disclaim an opinion. s2: The auditor shall express modified opinion when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework. O S1 is True, S2 is False O S1 is False, S2 is True O Both statements are True O Both statements are False
: When client-imposed restrictions significantly limit the scope of the audit, the auditor generally should disclaim an opinion. s2: The auditor shall express modified opinion when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework. O S1 is True, S2 is False O S1 is False, S2 is True O Both statements are True O Both statements are False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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s1: When client-imposed restrictions significantly limit the scope of the audit, the auditor generally should disclaim an opinion. s2: The auditor shall express modified opinion when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.
O S1 is True, S2 is False
O S1 is False, S2 is True
O Both statements are True
O Both statements are False
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