A: identity the type of audit option that the auditor should issue in the scenario blew. B.

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Question:

A: identity the type of audit option that the auditor should issue in the scenario blew.

B. Explain how you reached the conclusion.

C identity the auditor signature date on audit’s report?

Scenario: YNWA, a CPA firm was engaged to perform an audit of financial statements of TAA incorporated for the fiscal year ending on December 31 2021, Andrew Robertson is the partner in charge of this audit engagement: because of Covid-19 related lockdown, it was unfeasible to go to client’s warehouse to physically inspect the inventory . The balance of inventory is material and significant, however, YNWA we’re able to do obtain Sufficient appropriate audit evidence about inventory by applying alternative procedure (eg. inspection original copies of documents) and conclude that inventory is free from material misstatements. On January 26, 2022. YNWA propose a list of five adjusting journals entries base on their audit finding requesting the client to correct misstatements they identify. On January 27,2022 to the client that they had substantial doubt about the company’s ability to continue as a going concern and asked if he client’s management for their plan to mitigate the going concern. On January 30,2022. The plan was delivered to YNWA. After careful evaluation, YNWA reach the conclusion that management’s plan appropriately addressed the going concern. On February 2,2022. YNWA complete all work required to support their audit option and obtain a management representation letter signed by client. The audit documents of this was completed on March 1, 2022.