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How to write Auditor report with disclaimer opinion O For the year-end December 31, 1997, Friday Co., CPAs (Friday), audited the financial statements of Johnson
How to write Auditor report with disclaimer opinion
O For the year-end December 31, 1997, Friday Co., CPAs (Friday), audited the financial statements of Johnson Company Limited and expressed an unqualified opinion on the balance sheet only. Friday did not observe the taking of the physical inventory as of December 31, 1998, because that date was prior to their appointment as auditors. Friday was unable to satisfy themselves regarding inventory by means of the auditing procedures.. For the year-end December 31, 1998, Friday expressed an unqualified opinion on all the basic financial statements and satisfied themselves as to the consistent application of GAAPs. The fieldwork was completed on March 11, 1999; the partner-in-charge reviewed the working papers and signed the audit 's report on March 18, 1990. The report on the comparative financial statements for 1998 and 1997 was delivered to John on March 21,1999. Required: Prepare Fridays auditor's report that was submitted to John's board of directors on the 1998 and 1997 comparative financial statements Step by Step Solution
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