***Answer the following with reference to accounting standard codification***

Alex Curtis, during the audit of Landon Company, has determined that the company will be preparing its financial statements on a liquidation basis of accounting due to the fact that management has decided to liquidate Landon Company at the end of the first quarter of next year. As a result, Alex seeks your assistance to determine if Alex can issue an unmodified/unqualified audit report on financial statements prepared utilizing the liquidation basis of accounting.