5. During the year, changes in the market resulted in a significant decrease products, which are now being sold significantly below cost. The client refuses to write- products or to increase the reserve for obsolescence, the auditor should issue a(n): a) Unqualified opinion. b) Unqualified opinion with explanatory paragraph. C) Qualified opinion. Adverse opinion. d) e) Disclaimer of opinion.
5. During the year, changes in the market resulted in a significant decrease products, which are now being sold significantly below cost. The client refuses to write- products or to increase the reserve for obsolescence, the auditor should issue a(n): a) Unqualified opinion. b) Unqualified opinion with explanatory paragraph. C) Qualified opinion. Adverse opinion. d) e) Disclaimer of opinion.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
Section: Chapter Questions
Problem 19CYBK
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