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When dealing with materiality and scope limitation conditions,

zbuild007

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When dealing with materiality and scope limitation conditions,

When dealing with materiality and scope limitation conditions,

▸ a disclaimer of opinion must be issued.

▸ it is easier to evaluate the materiality of potential misstatements resulting from a scope limitation than for failure to follow GAAP.

▸ scope limitations imposed by the client are always considered material.

▸ an unqualified opinion may still be issued depending on the materiality of the scope limitation.

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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twogat123

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More solutions for this book are available here

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This calls for a celebration Person Raising Both Hands in Celebration

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