You are the auditor of MLS Ltd, an educational institution. For the financial year ended 30 June 2019, MLS disclosed in its financial statements that it would discontinue the manufacturing of half of...

question 17

Extracted text: You are the auditor of MLS Ltd, an educational institution. For the financial year ended 30 June 2019, MLS disclosed in its financial statements that it would discontinue the manufacturing of half of its current products in the next 12 months. Management’s reasons for the decision were decreases in consumer demands and changes in environmental laws. Consequently, revenue is budgeted to decrease by $60 million in the next financial year. Required: Select which form of opinion you would consider the most appropriate to use. Give reasons.