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You are the external auditor of EMT Ltd, a manufacturing company. For the financial year ended 31 December 2020, EMT disclosed in its financial statements
You are the external auditor of EMT Ltd, a manufacturing company. For the financial year ended 31 December 2020, EMT disclosed in its financial statements that revenue for the first six months of 2021 financial year is estimated to decrease by 50 per cent or $120 million. According to management, the decrease in forecasted revenue is due to current world event.
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Select which form of opinion you would consider the most appropriate to use. Give reasons. (2 marks)
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