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Reference no: EM132756861

Problem 1: If based on the aggregate of uncorrected misstatements the auditor believes they may be material misstatement, the auditor should perform additional procedures. If the client refuses to adjust the financial statements, and the auditor is not able to conclude that the aggregate of uncorrected misstatements is not material, the auditor should:

a. Issue a standards opinion

b. Consider resigning from the engagement

c. Appropriately modify the audit report

d. Obtain additional representation letter covering, uncorrected misstatements

Reference no: EM132756861

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