Principles of Auditing and Other Assurance Services

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Multiple Choice Identify the letter of the choice that best completes the statement or answers the question.   1. An auditor's report contains the following sentences: We did not audit the financial statements of B Company, a consolidated subsidiary, which statements reflect total assets and revenues constituting 20 percent and 22 percent, respectively, of the related consolidated totals. These statements were audited
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Unformatted text preview: by other auditors, whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for B Company, is based solely upon the report of the other auditors. These sentences a. Dis clai m an opi nio n. b. Qu alif y the opi nio n. c. Di vid e res po nsi bili ty. d. Sh oul d not be par t of the aud it rep ort....
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Chapter 03 quiz_ALT - by other auditors whose report has...

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