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Intelligis Electronics is a manufacturer of advanced electrical components. During the year, changes in the...

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Accounting

Intelligis Electronics is a manufacturer of advanced electrical components. During the year, changes in the market resulted in a significant decrease in the demand for their products, which are now being sold significantly below cost. Management refuses to write-off the products or to increase the reserve for obsolescence. If the size of the misstatement is pervasive the auditor most likely would issue an_________________ report.

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