Question: Material physical inventories not observed and the inventory cannot be verified through other procedures. Adverse A highly material departure from GAAP. Qualified Inability to confirm

Material physical inventories not observed and the inventory cannot be verified through other procedures.
Adverse
A highly material departure from GAAP.
Qualified
Inability to confirm the existence of an asset which is material but not extremely material in value.
Lack of independence by the auditor.

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