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A building owned by the client is severely damaged by a fire that occurred on...

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Accounting

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A building owned by the client is severely damaged by a fire that occurred on January 5/2021. The loss that resulted is considered very material to the client's financial statements. The client mentions the matter in its note disclosures for the 2020 financial statements, but does not adjust the 2020 financial statements to reflect the loss. The auditor in this case is likely to do what in the auditor's report for 2020 financial statements? Select one: a. Issue an unmodified (unqualified) opinion report O b. Issue a qualified opinion report for departure from IFRS O c. Issue an adverse opinion report d. Issue a qualified opinion report for scope restriction O e. Issue an unmodified (unqualified) opinion report, but emphasise the matter in the emphasis

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