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Home > Business & Careers > Accounting   »   Audit Opinion

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Old May 21, 2006, 11:48 PM
kamange
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Audit Opinion
Please provide an example of an audit opinion a company can get for not carrying out an annual review of the residue values and useful lives of property plant and equipment?

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Old May 22, 2006, 12:02 PM   #2  
CaptainForest
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I don’t think that would matter to much as the auditor could always do it, so an Unqualified Report could potentially be issued.

However, if it is a problem, then I believe the auditor would issue an Adverse Qualified Report.

Although I do be live the answer would be an Unqualified Report since the auditor could simply look into it himself.
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