This is the first year that you have audited Hurst & Johnson Corporation. You discovered that the company is carrying its property, plant, and equipment at appraisal values and determines depreciation on the basis of these values. This is considered a very large scope-limitation, and you have not been able to form an opinion on the financial statements taken as a whole.
In your own words, please post a response to the Discussion Board and comment on at least 2 other postings. You will be graded on the quality of your postings.
The following rubric will be used for grading:
Grading Rubric
30%
Discuss the ethical issues involved with this situation.
20%
Explain how you should handle this situation.
40%
Explain what type of report you should issue and why.
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