Explain four types of audit opinions green and associates

Reference no: EM13451807

Write a 750- to 1,050-word paper accomplishing the following:

· Describe four types of audit opinions Green and Associates may provide at the conclusion of a corporate financial audit. Specifically, describe and illustrate an unqualified, unqualified with explanatory paragraph, qualified, and adverse opinion. Differentiate between the opinions and provide specific criteria that warrant each type of opinion.

· Determine whether the inventory valuation method used by ABC Corporation was legal and compliant with GAAP.

. Is the client's refusal to procure an audit of Internal Controls over Financial Reporting in violation of Sarbanes-Oxley? Why or why not?

· In compliance with GAAS, which type of audit opinion should Green and Associates issue?

· Discuss the ethical issues involved for ABC Corporation and for Green and Associates.

Reference no: EM13451807

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