A CPA May Wish to Emphasize Specific Matters Regarding the Financial

question 67

Multiple Choice

A CPA may wish to emphasize specific matters regarding the financial statements even though an unqualified opinion will be issued. Normally, such explanatory information is

• A) included in the scope paragraph.
• B) included in the opinion paragraph.
• C) included in a separate paragraph in the report.
• D) included in the introductory paragraph.

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Definitions:

Continuum of Services

A range of services or supports available to meet the varying needs of individuals or groups, often from basic to complex.

Single Teenage Parents

Young individuals who are raising a child or children without the support of a partner.

Reframing

Changing the perspective or context of a situation to view it in a different light and find new solutions.

Regurgitating

The act of repeating information without understanding or analysis.