Audit Reports Evaluate the following question: If a CPA firm completes a non-pu
Audit Reports Evaluate the following question: If a CPA firm completes a non-public company audit of Adam Companys financial statements following IACPA generally accepted auditing standards and is satisfied with the results of an audit an unmodified report may be issued. On the other hand if no audit is performed of the current years financial statements but the CPA firm has performed satisfactory audits in prior years has confidence in the management of the company and makes a quick review of the current years financial statements a qualified report may be issued. Do you agree? Give reasons to support your answer. Do not forget to show the necessary steps and explain how you attained that outcome. Respond to at least two of your classmates postings.