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What does unqualified audit report imply?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/27
Fathi Matbaq
by Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

The unqualified audit report implys that all following conditions have been met: - All statements are included in the financial statements. - The three general standards have been followed in all aspects. - Suffecint appropriate evidence have been accumulated. - The financial statements are presented in accordence with IFRS/ GAAP.

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