Question: Your audit client has not written inventory down to net realisable value in accordance with approved accounting standards. The write-down would reduce current assets by

Your audit client has not written inventory down to net realisable value in accordance with approved accounting standards. The write-down would reduce current assets by 8% and net profit before income tax by 12%. What type of auditor's report should you issue?

a.An unmodified opinion.

b.An adverse opinion.

c.A disclaimer of opinion.

d.A qualified opinion.

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