Question: 1 6 % - For each situation below, indicate the type of opinion to be issued ( standard unqualified, modified unqualified, qualified, adverse, disclaimer )

16%- 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.
 16%- For each situation below, indicate the type of opinion to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!