Question: ) You are an auditor whose retail grocery client unknowingly failed to perform a physical count of its inventory at year-end. You have determined that
) You are an auditor whose retail grocery client unknowingly failed to perform a physical count of its inventory at year-end. You have determined that there are no alternative procedures that you could perform to satisfy yourself as to the fairness of the inventory account balance on the general ledger. You are in the process of deciding what audit opinion you will issue. Discuss your options, making sure to explain why a particular opinion might be appropriate in these circumstances. Be specific.
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