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Your audit client has not written inventory down to net realisable value in accordance with approved accounting standards. The write-down would reduce current assets by
Your audit client has not written inventory down to net realisable value in accordance with approved accounting standards. The write-down would reduce current assets by 8% and net profit before income tax by 12%. What type of auditor's report should you issue?
a.An unmodified opinion.
b.An adverse opinion.
c.A disclaimer of opinion.
d.A qualified opinion.
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