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  1. Profile photo of MikeLittle says

    If it’s a material misstatement or a material inability to obtain sufficient appropriate audit evidence. In both situations, the expression “except for” is used. However, if the material misstatement or a material inability to obtain sufficient appropriate audit evidence is pervasive, the wording introducing the opinion paragraph moves from “except for” to a “because of the pervasive nature of the matters referred to above ….” followed by either an adverse opinion (the financial statements do not show a true and fair view) or a disclaimer of opinion (we are unable to express an opinion)

    OK?

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