The cPs firm of Anbrome and Abert has been associaled with the unauded thancial stabernents of Lakeside Corporation. The frm plans to issue a disciainier bocause no aull at the end of the cuinent year How coes ths krowledge impact the report to be issued? An advesse opinon must be rendered because of the cmision A qualfied opinion must be iendor because of the omantion The natue and extent of the problem must be descrited in the repoil and thien a doclamte is rendered: Aslong as the stelenerts are cleaty nuehed an unaveoed nochsepe need be made in he cisclarrer of opnion The CPA firm of Ambrose and Abert has been associsted with the unaudted financial stalernents of Lakeside Corporation. The firm plans to issie a disclainer beciase no audi procedures of any type were peformed. However, the partner on the engagemsnt realizes that Lakeside has orritted all incorse tax bafances aithough a malerial amount is owed at the end of tho current year, How does this inowledge inwact the repod to be issued? An adverse opinion must be rendered becaine of the omission. A ciaified opinion must be render because of the orgsion. The natue and extent of the prcolen must be describod an the resoit and then a disclaimer is rondered. As long as the statements are cleaify maned as unovated, no change need be made in the daciainer of opnisn