26. Kregl, CPA, has completed the field work for the curren…
26. Kregl, CPA, has completed the field work for the current annual audit of Hewett Merchandising Corp. Kregl obtained sufficient and appropriate audit evidence for all of Hewett’s account balances, transactions and disclosures except for Hewett’s beginning-of-year inventory balance. Due to inadequate records Kregl could not verify Hewett’s beginning-of-year inventory balance. Kregl’s opinion on Hewett’s current year financial statements most likely will be:
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