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Problem 1

How would your audit report (assume the report is otherwise unmodified) be affected by the following issues?

1. That the predecessor auditor qualified last year's audit report.

2. You used an expert to evaluate highly technical items in inventory.

3. The client had never been audited before.

4. You contracted an audit firm to audit a segment of the company.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92596270
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