Question: 4. Based on your knowledge of the case, which audit opinion should Cook and Thomas give in its 2014audit report for Fine Furniture Manufacturing? Assume
4. Based on your knowledge of the case, which audit opinion should Cook and Thomas give in its 2014audit report for Fine Furniture Manufacturing? Assume any issue with the financial statements relateto the going concern issue (i.e. no material misstatements or departures from GAAP external to thecase details). Further, assume that management makes appropriate disclosures in the financialstatements relating to the entitys ability to continue as a going concern. Should Cook and Thomasinclude any additional disclosures in the audit report? If so, where in the report? Support yourposition.
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