When financial statements contain a material, unjustified departure from GAAP, which of the following is contained in the audit report?

When financial statements contain a material, unjustified departure from GAAP, which of the following is contained in the audit report?



a. A Qualification: Yes; An Explanatory Paragraph After the Opinion Paragraph: No
b. A Qualification: Yes; An Explanatory Paragraph After the Opinion Paragraph: Yes
c. A Qualification: No; An Explanatory Paragraph After the Opinion Paragraph: Yes
d. A Qualification: No; An Explanatory Paragraph After the Opinion Paragraph: No






Answer: B


Learn More :