The most appropriate audit report you should issue is

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Reference no: EM133611030

Question: You are the auditor of Cilantro Limited. Cilantro is a large and successful food manufacturer, with a year end of 30 June 2022. On 5 July 2022, the company won a significant legal case against it which, if it had lost, would have required it to pay damages amounting to $155m for compensation to its customers. Cilantro had suffered a significant fall in sales as a result of the legal action but sales have now improved and the company has positive cash flows and is generating profits and you believe it will trade profitably into the future. Nevertheless, the financial report has been prepared on a liquidation basis as the client did not know whether they would win the case. In light of this, the most appropriate audit report you should issue is:

Required: In light of the above, the most appropriate audit report you should issue is:

Reference no: EM133611030

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