Which of the following phrases will an auditor most likely include in the auditor's report when expressing a qualified opinion because of inadequate disclosure?
a. Subject to the departure from generally accepted accounting principles, as described above.
b. Wth the foregoing explanation of these omitted disclosures.
c. Except for the omission of the information.
d. Does not present fairly in all material respects.
Ans: c. Except for the omission of the information.
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Which of the following is true about functional planning?
A) It is conducted by the various functional areas of a firm. B) It is also called hierarchical management. C) It encompasses a longer time span than strategic planning does. D) It covers a shorter time span than operational planning does. E) It is the same as strategic planning.
Traditionally, much of aggregate planning is focused within an enterprise and may not always be seen as a part of supply chain management
Indicate whether the statement is true or false.