Conte Investments provides a group of mutual funds for investors. Its financial statements show the following: Total assets: $170,000,000, Total revenues: $80,000,000, Net Income before Taxes:...

Extracted text: Conte Investments provides a group of mutual funds for investors. Its financial statements show the following: Total assets: $170,000,000, Total revenues: $80,000,000, Net Income before Taxes: $10,000,000. The Planning materiality set by the auditor is: * 425,000 O 850,000 400,000 O 500,000 Which of the following would not require an explanatorylemphasis-of-matter paragraph in the auditor's report?"