question archive The entire North Island operations of one of the clients are under investigation by the Inland Revenue Department for alleged failure to pay the appropriate amount of tax
The entire North Island operations of one of the clients are under investigation by the Inland Revenue Department for alleged failure to pay the appropriate amount of tax
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The entire North Island operations of one of the clients are under investigation by the Inland Revenue Department for alleged failure to pay the appropriate amount of tax. The client mentioned the Inland Revenue Department investigation in the notes to the financial statements. The auditors preliminary investigations reveal that the Inland Revenue Department has a strong case against the client.
Question)State what type of opinion should be formed by the auditor for this situation and briefly describe the basis of issuing such opinion.
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