If an auditor is engaged after the end of the year to audit a client that maintains inventory, he or she

	A.	will automatically encounter a scope limitation, resulting in a qualified opinion.
	B.	will automatically encounter a scope limitation, resulting in a disclaimer of opinion.
	C.	should not accept the engagement
	D.	may still be able to issue an unqualified (unmodified) opinion.

In a year subsequent to the acquisition of real property, the decision to capitalize an expenditure related to the property should be based on whether the expenditure:

A.

Only significantly increases the value of the property.

B.

Only significantly extends the life of the property.

C.

Significantly increases the value of the property and/or significantly extends the life property.

D.

Is over a specified dollar amount.