Which of the following circumstances generally results in the issuance of a report that includes an opinion that is modified?
A. The group auditors for the engagement are relying on the work of component auditors.
B. The auditors have decided to emphasize the fact that the company has engaged in material amounts of related party transactions.
C. The auditor is unable to obtain the financial records of a foreign subsidiary which is material to the client.
D. The financial statements are affected by a change in accounting principle due to a new FASB pronouncement.
Answer: C
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