Question: first person interactive is a developer of computer games. their business has boomed during the panademic as people have opted to stay at home for

first person interactive is a developer of computer games. their business has boomed during the panademic as people have opted to stay at home for entertainment. sales from $120 million in 2020 to $201 million in 2021. net profit before taxes in 2020 was $20 million. in 2021 net profit before taxes and before the write off of the software development cost was $62 million. FPI wants to take a large write down of $22 million in development cost, the controller , Kevin has told the auditors that this is to clean up the balance sheet to make the company more attractive to potential buyers

STATE WHAT TYPE OF AUDIT REPORT SHOULD BE ISSUED BRIEFLY EXPLAIN YOUR RATIONALE

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