question 17 You are the auditor of MLS Ltd, an educational institution. For the financial year ended 30 June2019, MLS disclosed in its financial statements that it would discontinue the manufacturing of halfof its current products in the next 12 months. Management’s reasons for the decision weredecreases in consumer demands and changes in environmental laws. Consequently, revenue isbudgeted to decrease by $60 million in the next financial year.Required:Select which form of opinion you would consider the most appropriate to use. Give reasons.

The client has made appropriate disclosures regarding the intention to discontinue the manufacturing…

Answered: - form of opinion you would consider…

Business

Accounting

- form of opinion you would consider the most appropriate

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 1EC

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