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use choices in question to answer each situation 3) 16% - For each of the situations below, indicate the type of opinion to be issued
use choices in question to answer each situation
3) 16% - For each of the situations below, indicate the type of opinion to be issued (unmodified/unqualified, modified unqualified, Qualified, Adverse, disclaimer).Assume each situation is material, unless noted otherwise a) Change in estimate of the number of years of useful life of an asset b) Substantial doubt about a going concern c) The company departs from GAAP and the auditor agrees with the departure d) Change in accounting principle (not material to the current year) of depreciation applied to fixed assets e) You have engaged another CPA Firm to count your client's inventory in Utah. You assume responsibility for their work f) client has nonmaterial misstatements and refuses to make adjustments that you have requested g) You are completing the audit and you find out that the manager running the audit is not independent h)The company has many related part transactions and you want to give emphasis to that fact in your reportStep by Step Solution
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