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Financial statement users are typically more concerned with an unmodified report with explanatory paragraphs than they are with a disclaimer of opinion?

1) True
2) False

User LMc
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1 Answer

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Final answer:

Financial statement users are more concerned with an unmodified report without explanatory paragraphs than with a disclaimer of opinion.

Step-by-step explanation:

The statement presented in the question is False. Financial statement users are typically more concerned with an unmodified report without explanatory paragraphs than they are with a disclaimer of opinion.

An unmodified report indicates that the financial statements present a true and fair view of the company's financial position, whereas a disclaimer of opinion implies that the auditor could not form an opinion about the financial statements due to limitations or uncertainties.

User JRicardo
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