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:

Protagonist

A leading or principal character in a story, drama, or other literary work.

Environmental Interventions

Actions taken to modify the physical or social environment with the aim of improving outcomes for individuals, communities, or ecosystems.

Concrete Resources

Tangible assets or physical items that can be utilized to achieve a goal or fulfill a need, such as money, facilities, or equipment.

Social Networks

Platforms or structures that connect individuals or organizations, facilitating communication, information exchange, and support.