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FOR THE FOLLOWING AUDIT CIRCUMSTANCES - DECIDE WHICH OPINION SHOULD BE GIVEN * UNMODIFIED OPINION * UNMODIFIED WITH AN EXTRA PARAGRAPH * QUALIFIED OPINION *
FOR THE FOLLOWING AUDIT CIRCUMSTANCES DECIDE WHICH OPINION SHOULD BE GIVEN UNMODIFIED OPINION UNMODIFIED WITH AN EXTRA PARAGRAPH QUALIFIED OPINION ADVERSE OPINION DISCLAIMER OPINIONCASE You are auditing BTL and its subsidiaries and the client was unable to provide you with all the information and evidence you needed for that subsidiary which was just acquired during the year and which is one of other subsidiaries. What should be the audit opinion to be issued CASE You are engaged to audit Simon Quan. Simon Quan uses the perpetual inventory method and uses the LIFO method of inventory costing. All information and evidence requested was provided. What should be the audit opinion to be issued CASE You are auditing XYZ Construction and the company has provided all information and records. The financial statements provided are the Statement of Financial Position, The Income Statement, The statement of Changes in Equity, and the Statement of Cash Flows. What should be the audit opinion to be issued CASE You are auditing BWS and you are having problems with fixed assets as to existence, carrying values, and recording. You have already found evidence that some fixed assets have not being recorded. You are unsure whether disposals have beenproperly accounted for. What should be the audit opinion to be issued Case You are auditing UB You have not been able to do confirmation of accounts receivables directly with students. You have been provided subsequent months records to show collections and you have done analytical and other proceduresWhat should be the audit opinion to be issued
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