What kind of audit opinion is appropriate if the intangible asset balance has not been prepared in

Question:

What kind of audit opinion is appropriate if the intangible asset balance has not been prepared in accordance with GAAP because the value of the assets is very unlikely to be realized, and this is the only misstatement in the financial statements? What information would the auditor include in the report, and what type of opinion would be given?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...

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