Audit reports
For each of the following independent situations,determine the type of opinion that will most likely be issued by the firm auditing the financial statements.
1. The client will not allow the auchtor to view the minute for the entire year uncler aucht and beyond.
2.. The auditor finds that the firm is not independent of the client on the last day of fieldwork.
3. The client declines to include a statement of cash flow in the financial statements.
4. The client fails to record an immaterial amount of insurance paid in advance as an asset.
5. The client doesnot record impairment of goodwill and will not depreciate property and equipment. Both are considered ver material.
6. There is substantial doubt about the client's ability to continue as a going concern

Question

Audit reports
For each of the following independent situations,determine the type of opinion that will most likely be issued by the firm auditing the financial statements.
 1. The client will not allow the auchtor to view the minute for the entire year uncler aucht and beyond. 
2.. The auditor finds that the firm is not independent of the client on the last day of fieldwork.
3. The client declines to include a statement of cash flow in the financial statements.
4. The client fails to record an immaterial amount of insurance paid in advance as an asset.
5. The client doesnot record impairment of goodwill and will not depreciate property and equipment. Both are considered ver material.
6. There is substantial doubt about the client's ability to continue as a going concern

Quizplus · Accepted Answer

The Answer of Audit reports
For each of the following independent situations,determine the type of opinion that will most likely be issued by the firm auditing the financial statements.
 1. The client will not allow the auchtor to view the minute for the entire year uncler aucht and beyond. 
2.. The auditor finds that the firm is not independent of the client on the last day of fieldwork.
3. The client declines to include a statement of cash flow in the financial statements.
4. The client fails to record an immaterial amount of insurance paid in advance as an asset.
5. The client doesnot record impairment of goodwill and will not depreciate property and equipment. Both are considered ver material.
6. There is substantial doubt about the client's ability to continue as a going concern

Audit Reports for Each of the Following Independent Situations,determine the Type of Type