(TCO 2) An entity has changed its depreciation method for production equipment from a straight...
70.2K
Verified Solution
Link Copied!
Question
Accounting
(TCO 2) An entity has changed its depreciation method for production equipment from a straight line method to units of production method based on hours of utilization. The entitys auditor concurs with the change although it has a material effect on the comparability of the entitys financial statements.
From the following opinion types, select and write the opinion type or types that can be used by the auditor. Up to two opinion types can be selected.
In addition, select and write the appropriate report modification options that are required to be made by the auditor. You can select as many options as apply. (Becker, Adopted)
Opinion Options
Unmodified
Except for qualified
Adverse
Disclaimer
Report Modification Options
Issue the independent auditors report
without modification
Modify the introductory paragraph
Modify the auditors responsibility paragraph
Omit the auditors responsibility paragraph
Modify the opinion paragraph
Add an emphasis-of-matter paragraph
preceding the opinion paragraph
Add an emphasis-of-matter paragraph
following the opinion paragraph
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
