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Which of the following is true about a report on a specific element of a financial statement?
A. An audit of the complete financial statements is required.
B. An unmodified opinion may not be expressed if an adverse opinion or disclaimer of opinion was expressed on the complete financial statements.
C. There should be a reference to both GAAS and GAAP in the report.
D. A restrictive use paragraph is required.
The answer is C.. I first selected answer B. Answer B is also true!! WTF??!! Audit hurts my brain. :'( help!
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