Identify type of auditor report to be issued for situation

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Question - Identify the type of auditor's report to be issued for situation

WorldCom.Social Ltd provides social housing to approximately 1500 tenants at below normal market rents. WorldCom.Social is a reporting entity under the Corporations Act. During the year, there has been a review of the basis for calculating the lives of the houses owned by the organisation. Previously, these houses were assessed to have a useful life of 30 years, but this has now been changed to 50 years. During your audit work, you reviewed the WorldCom.Social Ltd asset management policy which only plans for maintaining and upgrading properties up to 30 years old. You also found that, during the year, WorldCom.Social Ltd demolished a house that it built in 1989.

Reference no: EM132637784

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