The Term "Explanatory Paragraph" Was Replaced in the AICPA Auditing

question 47

Multiple Choice

The term "explanatory paragraph" was replaced in the AICPA auditing standards with

• A) going concern paragraph.
• B) emphasis-of-matter paragraph.
• C) departure from principles paragraph.
• D) consistency paragraph.

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Definitions:

Peat

An accumulation of partially decayed vegetation or organic matter that is unique to natural areas called peatlands or mires.

English Breakfast

A hearty, traditional morning meal originating from England, typically including eggs, bacon, sausages, baked beans, toast, mushrooms, and tomatoes.

Correct Helping Verb

An auxiliary verb that complements the main verb to indicate tense, mood, or voice properly.

Toast

Sliced bread browned on both sides by exposure to radiant heat, often served with butter or spreads.