A client has changed the salvage values of a number of its fixed assets.The auditors believe that the salvage values are realistic.The appropriate report on the financial statements is:
A)Standard unmodified.
B)Unmodified with explanatory language as to consistency.
C)Qualified for consistency.
D)Disclaimer.

Question

Quizplus · Accepted Answer

Since the auditors believe that the changed salvage values are realistic and there are no material misstatements or inconsistencies in the financial statements, the appropriate report on the financial statements would be a standard unmodified opinion.

A Client Has Changed the Salvage Values of a Number