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Required: Discuss the arguments for and against the auditors insisting that MPS begin expensing some portion of the construction costs rather than continuing to accumulate

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Required: Discuss the arguments for and against the auditors insisting that MPS begin expensing some portion of the construction costs rather than continuing to accumulate an ever- increasing asset. Indicate the position you would take as the auditor. Discuss whether the auditors should modify their report because of uncertainty about whether or not MPS can remain a going concern. Indicate the type of opinion that you would issue, ( You need not limit yourself to a "going-concern" modification.) Part a: FASB Accounting Standards Codification sections 360-10 and 450-20-25-2. Part b: AICPA AU sections 570 and 700-706; PCAOB sections 341 and 508

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