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ASSUMPTIONS AND LIMITING CONDITIONS This report has been prepared in conformity with the Uniform Standards of Professional Appraisal Practice, in the appraisal of realty and realty rights except to
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What is assumptions and limiting conditions?
Assumptions and limiting conditions are statements that outline the limitations of an audit or review engagement.
Who is required to file assumptions and limiting conditions?
Auditors or accountants conducting an audit or review engagement are required to file assumptions and limiting conditions.
How to fill out assumptions and limiting conditions?
Assumptions and limiting conditions should be filled out by providing clear and specific statements outlining the limitations of the audit or review engagement.
What is the purpose of assumptions and limiting conditions?
The purpose of assumptions and limiting conditions is to provide transparency and clarify the scope of the audit or review engagement.
What information must be reported on assumptions and limiting conditions?
Assumptions and limiting conditions must include details on the constraints, restrictions, or uncertainties that may affect the audit or review engagement.
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