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1. While doing the audit of Jazza corporation, you have identified some discrepancies that are material to the audit opinion and, hence, the type of

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1. While doing the audit of Jazza corporation, you have identified some discrepancies that are material to the audit opinion and, hence, the type of audit reports the auditor can issue. The discrepancies relate to the recording and accounting entries of fixed assets. You have sought the explanation from the management. However, management could not provide you with the satisfactory explanation. Required: State the appropriate audit opinion under such circumstances II. Provide a justification for your audit opinion, as to the type of audit report you would provide to the shareholders of the company taking regard for the following: . You have found that the fixed assets as per fixed assets register and the physical verification of fixed assets is not matching

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