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Each of the following independent situations is material. Select trom the option list provided the most appropriate type of auditor's opinion. Assume that U.S. GAAP
Each of the following independent situations is material. Select trom the option list provided the most appropriate type of auditor's opinion. Assume that U.S. GAAP is the applicable financial reporting framework. Each choice may be used once, more than once, or not at all. Situation of Select an option below O Opinion modified as a result of a scope limitation o Opinion modified as a result of a misstatement O Unmodified opinion 1. The auditor did not recelve management's personal financial statements 2. During the period audited, the client changed its accounting policy for recognition of bad debt expense from the allowance method to the direct write-off method. B. The auditor did not receive the audited financial statements of a client's subsidiary. 4. The client's legal counsel refused to respond to the auditor's letter of inquiry. 5. The client's current year income statement includes amortization expense of goodwill 6. The CEO of the client refuses the auditor access to minutes of board directors meetings. RESE CANCEL ACCEP
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