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    Standard Audit Report

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    TPC wants to be ensured that the audit report for year-end 2005 is a standard unqualified audit report. Management has requested that you create a presentation about how to obtain an unqualified audit report. Include the following details:

    What are the circumstances that could prevent the external auditors from providing an unqualified report?
    What steps can be taken by TPC to address any concerns?

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    TPC wants to be ensured that the audit report for year-end 2005 is a standard unqualified audit report. Management has requested that you create a presentation about how to obtain an unqualified audit report. Include the following details:

    What are the circumstances that could prevent the external auditors from providing an unqualified report?
    The circumstances that could prevent the external auditors from giving an unqualified report are:
    1. There is uncertainness in the business of TPC that could have a material impact on the financial statements of TPC.
    2. There is a departure from the generally accepted recognized accounting principles in the preparation of the ...

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