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For each scenario identify what type of audit report should be issued and why. ( e . g . unqualified, qualified, etc ) table
For each scenario identify what type of audit report should be issued and why. eg unqualified, qualified, etc
tabletableType of AuditReportExplanationtableThere is a material uncertainty regardinggoing concern that is adequately disclosed inthe notes to the financial statements.tableAll the clients accounting records have beendestroyedtableThere is a material misstatement in client'sinventory valuation that they will notadjustcorrecttableThe summary of unadjusted auditdifferences is greater than performancemateriality due to several financial reportingissuestableThe summary of unadjusted auditdifferences is greater than materiality, butthe client is willing to adjust for all knownerrors
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