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Unformatted text preview: presented in accordance with GAAP 2. The auditor must identify in the audits report those circumstances in which such principals have not been consistently observed in the current period in relation to the preceding period. 3. When the auditor determines that informative disclosures are not adequate, the auditor must so state in the audit report. 4. The auditor must either express an opinion regarding the financial statements, taken as a whole, or state that an opinion cannot be expressed, in the auditors report. When the auditor cannot express an overall opinion the auditor should state the reasons therefore in the auditors report. In all cases where an auditors name is associated with the financial statements, the auditor should clearly indicate the character of the auditors work, if any, and the degree of responsibility the auditor is taking, in the auditors report....
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This note was uploaded on 07/27/2011 for the course ACCT 102 taught by Professor Huxhold during the Spring '11 term at UCSD.
- Spring '11