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The OP (Other Matter) paragraph in a qualified report due to departure from GAAP typically addresses:

a) Routine financial disclosures
b) Matters unrelated to the financial statements
c) Inherent financial risks
d) Compliance with internal controls

User Omer Aslam
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1 Answer

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Final answer:

The OP paragraph in a qualified report due to departure from GAAP addresses matters unrelated to the financial statements, not elements such as routine disclosures or compliance with internal controls.

Step-by-step explanation:

The Other Matter (OP) paragraph in a qualified report due to departure from Generally Accepted Accounting Principles (GAAP) typically addresses matters that are significant enough to draw attention to but are not part of the financial statements themselves. They might be related to the way the financial information is presented, or to additional information that the auditor thinks should be disclosed to the users of the financial statements. The correct answer is b) Matters unrelated to the financial statements since the OP paragraph is used to report on issues that do not affect the auditor's opinion on the financial statements but are still significant enough to merit attention.

User WimV
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