If the Financial Statements Include an Income Statement and a Balance

question 129

Multiple Choice

If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditors

• A) can issue an unqualified report.
• B) should issue a qualified opinion due to the departure from GAAP.
• C) should issue a qualified opinion because the missing statement of cash flows constitutes a scope limitation.
• D) should include the statement of cash flows, modify the report, and issue an unqualified opinion.

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Definitions:

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