When the au
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:When the auditor is unable to obtain
sufficient and appropriate audit evidence
concerning related parties and transactions
with such related parties or conclude that
the disclosure in the financial statement is
not adequate, the auditor should.
Select one:
O 1. Express a disclaimer of opinion
O 2. Express an adverse opinion
3. Withdraw from the audit
engagement
4. Proceed without verifying the
related party transaction
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