The Auditors Include an Explanatory Paragraph in an Otherwise Unqualified

The auditors include an explanatory paragraph in an otherwise unqualified report on the entity's financial statements to emphasize that the entity being reported on had significant transactions with related parties. The inclusion of this separate paragraph

A) is considered a qualification of the opinion.
B) violates generally accepted auditing standards if this information is already disclosed in footnotes to the financial statements.
C) necessitates a revision of the Opinion Section to include the phrase "with the foregoing explanation."
D) is appropriate and would not otherwise affect the unqualified opinion.

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