Question: 1 6 % - For each situation below, indicate the type of opinion to be issued ( standard unqualified, modified unqualified, qualified, adverse, disclaimer )
For each situation below, indicate the type of opinion to be issued standard unqualified,
modified unqualified, qualified, adverse, disclaimer
A As you are completing the audit you discover that the audit manager was not independent
B Company uses fair market value to value all accounts
C You agree to a client's Change in estimate of the number of years of useful life of an asset
D Substantial doubt about whether the company will continue as a going concern
E The company has many pending lawsuits that you want to give emphasis to
F The company departs from GAAP and the departure is immaterial
G Change in accounting principle of depreciation applied to fixed assets where the amount is material
You disagree with the change.
H You have engaged another CPA firm to audit a warehouse in Utah. You do not assume responsibility
for their work.
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