1 Assume Mr. Ahmed is appointed as auditor of Alpha Company. He discovers that Alpha Company has not accounted for inventory correctly, has kept incomplete records regarding its cash accounts, and did not provide adequate records regarding depreciation. In the given situation what would be likely opinion of Mr. Ahmed about Company Alpha a. Adverse opinion b. Modified opinion c. None d. Disclaimer of opinion
1 Assume Mr. Ahmed is appointed as auditor of Alpha Company. He discovers that Alpha Company has not accounted for inventory correctly, has kept incomplete records regarding its cash accounts, and did not provide adequate records regarding depreciation. In the given situation what would be likely opinion of Mr. Ahmed about Company Alpha a. Adverse opinion b. Modified opinion c. None d. Disclaimer of opinion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11
Assume Mr. Ahmed is appointed as auditor of Alpha Company. He discovers that Alpha Company has not accounted for inventory correctly, has kept incomplete records regarding its cash accounts, and did not provide adequate records regarding depreciation. In the given situation what would be likely opinion of Mr. Ahmed about Company Alpha
a.
Adverse opinion
b.
Modified opinion
c.
None
d.
Disclaimer of opinion
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