Which financial statements would be used for this purpose

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Reference no: EM13108754

Q. While conducting an audit, Larson Associates, CPAs, failed to detect material misstatements comprised in its client’s financial statements. Larson’s unqualified opinion was comprised with the financial statements in a registration statement and prospectus for a public offering of securities made by the client. Larson knew that its opinion and the financial statements would be used for this purpose.

Reference no: EM13108754

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