Zag co. issues financial statements that present financial position and results of operations but zag omits the related statement of cash flows. zag would like to engage brown, cpa, to audit its financial statements without the statement of cash flows although brown's access to all of the information underlying the basic financial statements will not be limited. under these circumstances, brown most likely would:
a. add an emphasis-of-matter paragraph to the auditor's report that justifies the reason for the omission.
b. refuse to accept the engagement as proposed because of the client-imposed scope limitation.
c. prepare the statement of cash flows as an accommodation to zag and express an unmodified opinion.
d. explain to zag that the omission requires a qualification of the auditor's opinion
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Zag co. issues financial statements that present financial position and results of operations but za...
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