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What audit opinion will you make

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Question -

1. You have completed a financial report audit, and the following major events have occurred: You were hired to complete the audit after the annual inventory.

The accounting records are not reliable enough to make you satisfied with the year-end inventory balance through other audit procedures.

What audit opinion will you make? Why?

2. You have completed a financial report audit, and the following major incident has occurred: A large order from an overseas supplier was shipped from its port of origin on June 1, 2020 at FOB (FOR FOB).

The order was delivered on July 20, 2020.

The purchase was not reflected in the financial report on June 30, 2020, and management refused to modify it.

What audit opinion will you make? Why?

Reference no: EM132639885

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