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Various types of opinions an auditor may issue

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Class, thank you for your thorough posts this week. You're all contributing very thoughtfully to the discussion.

I'd like to backtrack a little and talk about auditor's opinions. What are the various types of opinions an auditor may issue, and what differentiates each?

Next, take a look at problem 51.1. In light of what you've read about auditor's opinions, do you think the qualified opinion protects the accountants from liability in this case?

Reference no: EM131177771

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