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AUD Prep

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Question:

A Qualified for Misstatement opinion, what are the two choices?

Author: Monique Tyler



Answer:

(a.) Qualified Opinion—The auditor should express a qualified opinion when the auditor concludes that misstatements are material, but not pervasive to the financial statements. (b.) Adverse Opinion—The auditor should express an adverse opinion when the auditor concludes that misstatements are material and pervasive to the financial statements.


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