J. Hodge has been engaged as the auditor of Bison Co. (a nonissuer) and is currently planning the year-end physical inventory counts Bison Co. is a retailer that holds significant inventories in its warehouses and stores in 6 regions across the US. Due to timing and logistics, Hodge is only able to observe the physical inventory at one of Bison Co's warehouses. The one warehouse accounts for 20 percent of Bison Co's inventories In Hodge's professional judgment, the fact that inventories held at only one warehouse can be observed does not provide sufficient evidence with respect to Bison Co's Inventory balances at the date of the financial statements. Although physical inventory counts could be delayed at the remaining warehouses for Hodge to observe the counts, the flow of goods in and out of the warehouses would result in a discrepancy between the inventory quantities on hand at year-end and the inventory quantities on hand at the date of the count Required: What type of opinion would Hodge likely issue? How would the wording in the standard (unmodified) report be modified to reflect this opinion? Opinion Opinion Section Basis for Opinion Section Management's Responsibility for the Financial Statements Section Responsibilities fo the Financial Sta