Modified Reports (Cont d)
{"Image DocumentName": "Modified Reports (Cont d)", "Image ImageDescription": "Illustration of Disagreement on Accounting Policies \u2013 Inappropriate Accounting Method \u2013 Qualified Opinion: We have audited ... (remaining words are the same as unqualified opinion). Management is responsible for . .. ( the same as unqualified opinion). Our responsibility is \u2026. (remaining words are the same as unqualified opinion). As discussed in Note X to the financial statements, no depreciation has been provided in the financial statements which practice, in our opinion, is not in accordance with International Accounting Standards. The provision for the year ended December 31, 20X5, should be xxx based on the straight-line method of depreciation using annual rates of 5% for the building and 20% for the equipment. Accordingly, the fixed assets should be reduced by accumulated depreciation of xxx and the loss for the year and accumulated deficit should be increased by xxx and xxx, respectively. In our opinion, except for the effect on the financial statements of the matter referred to in the preceding paragraph, the financial statements give a true and ... (remaining words are the same as unqualified opinion). PwC.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}