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    kamange's Avatar
    kamange Posts: 1, Reputation: 1
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    #1

    May 22, 2006, 12:48 AM
    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?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    May 22, 2006, 01:02 PM
    I don't think that would matter too 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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