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A company receives a qualified audit opinion. Which course of action should you take? a. You should refuse to extend credit to the company whose accounts have been qualified. b. You should review the qualification carefully, consider the nature of the qualification, and consider the impact it has on your analysis. c. Because the auditors will have listed all of the issues they found in the financial statements, you need only to consider the impact of those issues on your credit decision. d. You need take no further action in relation to the audit findings, because the accounts have been satisfactorily qualified by the auditors.
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