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The entity being reported on had significant transactions with related parties. The auditor wishes to issue an otherwise unmodified report. The auditor:

A. should not mention this fact as doing so would violate generally accepted auditing standards.

B. must change the report to an adverse report and add the information in the opinion paragraph.

C. should include a separate explanatory paragraph.

D. should withdraw from the engagement

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92348120

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