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What circumstances is an auditor required to provide

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Reference no: EM132698215

Problem 1: Under what circumstances is an auditor required to provide an unmodified audit opinion?

Problem 2: State the audit opinion that is required in each of the following circumstances and levels of materiality:

(i) Circumstance: The auditor is unable to obtain sufficient appropriate evidence concerning sales and inventory levels.

Level of materiality: Material and pervasive.

(ii) Circumstance: The auditor and management disagree about the application of accounting policies.

Level of materiality: Material and pervasive.

(iii) Circumstance: The auditor and management disagree about a disclosure.

Level of materiality: Material but not pervasive

(iv) Circumstance: The auditor is unable to obtain sufficient appropriate evidence concerning the client's depreciation expense.

Level of materiality: Material but not pervasive.

Reference no: EM132698215

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