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EASY You are the auditor of Bricks & Mortar Ltd (BML) for the year ended 30 June 2018. You have identified a material misstatement of

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EASY You are the auditor of Bricks & Mortar Ltd (BML) for the year ended 30 June 2018. You have identified a material misstatement of the property, plant and equipment account. BML has not changed its depreciation rates for the past four years. However, recent technological changes in the industry have convinced you that the useful lives of BML's assets need to be adjusted down wards, resulting in an increased depreciation charge, BML's directors have refused to make any chanos to the depreciation rates, despite you explaining that this will put them in breach of the recents regarding impairment tests contained in Australian accounting standards. D Explain the auditor's opinion you would issue for BML for the year ended 30 June 2018. LO 12.4

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