微信扫一扫
实时资讯全掌握
| Stone was asked to perform the first audit of a wholesale business that does not maintain perpetual inventory records. Stone has observed the current inventory but has not observed the physical inventory at the previous year-end date and concludes that the opening inventory balance, which is not auditable, is a material factor in the determination of cost of goods sold for the current year. Stone will probably A. Express an unmodified opinion on the balance sheet and disclaim an opinion on the income statement. B. Disclaim an opinion on the balance sheet and income statement. C. Decline the engagement. D. Express an unmodified opinion on the balance sheet and income statement except for inventory. |