Reference no: EM132730579

Fire broke out a month before the financial year-end date. The fire has destroyed most of the accounting records and underlying receipts and invoices. Management has reconstructed the accounting records using its bank statements and other means, but they are uncertain if all material matters have been taken into account and they would like to wait until after a couple of months when subsequent receipts may assist them to compile further outstanding items. Your audit team has serious doubts as to the accuracy of the compiled figures and have been unable to verify any of the material balances

Required:

Problem 1: Nominate the type of auditor's opinion that would be appropriate in this situation. Explain your answer.