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For each of the following departures from GAAP, indicate the type of opinion that the...

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Accounting

For each of the following departures from GAAP, indicate the type of opinion that the auditors would issue as well as any modifications that would be made to the standard (unmodified) report.

a. A departure that had an immaterial effect on the financial statements.

b. A departure that had a material effect on the financial statements (this effect was not pervasive and affected only one account).

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