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Identify the type of auditors report for beast ltd company

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Reference no: EM132469072

Your client Beast Ltd is a company engaged in wholesaling goods. Beast Ltd uses last-in first-out in respect of valuation of ending inventories, which is one of the most significant balance sheet accounts for this company. The difference between first-in first-out and last-in first-out has a material effect on the ending inventory balance.

Question A) Identify the type of auditor's report to be issued for each of the above situations.

Question B) Justify your answer by discussing the relevant audit issues you have considered in forming your opinion

Reference no: EM132469072

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