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Identify the type of audit opinion required

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Reference no: EM133012283

Problem 1: For each of the following independent and material circumstances, identify the type of audit opinion required and explain the basis of your answer.

(i) You are the auditor of Trumps Weapons Ltd, a large consolidated entity with major operations in the Middle East. A significant portion of Trumps Weapons' accounting records in the middle East has been sized indefinitely by government authorities for political reasons

(ii) The draft chairman's report to go with the financial report states that the profits of a particular segment of the company's operations increased by 60% during the period. On checking the figures, you found that profits increased by only 6%.

(iii) The auditor hires a actuary to assist in collaborating a client's complex calculations concerning accrued superannuation liabilities that account for 35% of the clients total liabilities. The actuary's findings are reasonable close to the client's calculations and support the financial report.

Reference no: EM133012283

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