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1. Discuss the arguments for and against the auditors insisting that MP3 begin expensing some porlion of the construction costs rather than continuing to accumulate

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1. Discuss the arguments for and against the auditors insisting that MP3 begin expensing some porlion of the construction costs rather than continuing to accumulate an ever increasing asset. Indicate the position you would take as the auditor. 2. Discuss whether the auditors should modify their report because of uncertainty about whether or not MP5 can remain a going concern. Indicate the type of opinion that you would issue. {You need not limit yourself to a \"goingconcern" modication.) Port :1: E433 Accounting Srondords Codification sections BED10 and 4502252. PM o: AICPA AU sections STD and TUDT; PEACE sections 341 and 503

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