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The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were
The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered, instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error, the CPA should issue:
Question Answer
a
an unqualified opinion or adverse opinion.
b
a qualified except for opinion or disclaimer of opinion.
c
a qualified except for opinion or adverse opinion.
d
an unqualified opinion with an explanatory paragraph
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