CondoCleaners.com is now in its third year of operations. The prior two years’ financial statements received a review engagement report. In the current year, Jim has decided that an audit will be completed for the annual financial statements. He has hired your local public accounting firm to do the audit, and you have been assigned as the senior in charge of the engagement.
REQUIRED
Assuming that the evidence that your firm needs to collect for the audit engagement is available, what type of audit opinion will CondoCleaners.com receive? Will there be a need for any additional information to be provided in the report? If so, what will that information be and how will it be organized?