Question: 1 8 - 5 In 2 0 2 0 , your firm issued an unmodified report on Tosi Corporation, a private company. During 2 0

18 - 5

2020,

your firm issued an unmodified report on Tosi Corporation, a private company. During

2021,

Tosi entered its first lease transaction, which you have determined is material but not pervasive. Tosi Corporation's management chooses to treat the transaction as an operating lease, without adopting the requirements of the new FASB leasing standard. What types of reports would you issue on the corporation's comparative financial statements for

2020

and

2021 ?

1 8 - 5 In 2 0 2 0 , your firm issued an

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