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Question 1: Provide audit opinion reasoning disclose on following situation with. And also mention the amount that auditor wants company to.
A. Company XYZ property which was worth 20million dollars was not reported correctly on discussion management said they cannot provide any further information as data was deleted and there is no backup to this.
B. Adil limited filled a case against Taimoor and sons. Taimoor and sons limited is quite sure that they will win the case easily hence no need to provide disclosure. According to auditor's knowledge Taimoor will win the case but a disclosure is required.
C. Inventory that was absolute was part of the financial statement and was not yet written off management denied writing of 45% of total inventory of 500000 dollar that was absolute.
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