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What type of report you should issue and why

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Reference no: EM13341164

This is the first year that you have audited Hurst & Johnson Corporation. You discovered that the company is carrying its property, plant, and equipment at appraisal values and determines depreciation on the basis of these values. This is considered a very large scope-limitation, and you have not been able to form an opinion on the financial statements taken as a whole.

  • Discuss the ethical issues involved with this situation.
  • Explain how you should handle this situation.
  • Explain what type of report you should issue and why.

Reference no: EM13341164

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