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would issue a clean opinion for EyeMax? (select one) ____
a. I would not be willing to issue a clean opinion even if EyeMax is
willing to make adjustments
for items on the Summary of Unadjusted Misstatements. ____
b. I would be willing to issue a clean opinion without any adjustments.
____
c. I would be willing to issue a clean opinion only if EyeMax is willing
to make some adjustments
to their financial statements for items on the Summary of Unadjusted
Misstatements. Briefly explain your choice:
[2] If you selected options “a” or “b” in question 1, assume now that the
client has decided that
they will make an adjustment of up to $250,000 to their financial
statements. Please decompose the
total adjustment you would recommend into the individual account
classifications included on the
Summary of Unadjusted Misstatements in the space provided below
(e.g., what adjustment would you
require for warranty expense, repair and maintenance expense, etc? The
dollar values of your individual
account adjustments should sum to no more than $250,000).
If you selected item “c” in question 1, what is the minimum total
adjustment that you would
require before issuing a clean opinion? $________________Please
decompose this total adjustment into
the individual account classifications included on the Summary of
Unadjusted Misstatements in the
space provided below (e.g., what adjustment, if any, would you require
for warranty expense, repair and
maintenance expense, etc? The dollar values of your individual account
adjustments should sum to your
required minimum adjustment). Please briefly explain your decisions:
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