Assume that Abernethy and Chapman audits Lakeside's 2012 financial statements

and gathers sufficient, competent evidence to render an unqualified opinion without

any mention of the impairment. Assume further that lakeside opts to issue

comparative statements showing figures for 2011 and 2012. Write a single audit

report that will inform the reader of both opinions as well as the examination made

oy the previous audnors. vasez-4.doc