Unqualified auditor report on the financial statements


1. Which of the following is least likely to result in explanatory language being added to an unqualified auditor's report on the financial statements of a client that sells jewelry through a retail store?

A. A decision by the auditor to emphasize that the client is a part of a larger organization.

B. Reliance placed upon a specialist to evaluate the diamonds.

C. A change from FIFO to specific identification accounting for inventory.

D. A question as to whether the client will be able to remain a going concern.

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Accounting Basics: Unqualified auditor report on the financial statements
Reference No:- TGS058217

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