You are auditing Deep Clean sServices for the first time. Deep Clean has been in

Question

You are auditing Deep Clean sServices for the first time. Deep Clean has been in business for several years but over the last two years has struggled to stay afloat given the economic conditions. Based on your audit work, you have substantial doubtthat Deep Clean will be in business by the end of its next fiscal year.
For this situation a. Identify if the condition requires a modification of or a deviation from an unqualified standard report. b. State the level of materiality as immaterial, material, or highly material. If you cannot decide the level of materiality, sate the additional information needed to make a decision. c. Given your answers in parts a and b, state the type of audit report that should be issued. If you have not decided on one level of materiality in part b, state the appropriate report for each alternative materiality level.

Explanation / Answer

no the business seems to go out of hand trying to think out of the box so they should stick to the original idea

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