Question: Digit Co. uses the FIFO method of costing for its international subsidiarys inventory and LIFO for its domestic inventory. Under these circumstances, the auditors report
Digit Co. uses the FIFO method of costing for its international subsidiary’s inventory and LIFO for its domestic inventory. Under these circumstances, the auditor’s report on Digit’s financial statements should express an
a. Unqualified opinion.
b. Opinion qualified because of a lack of consistency.
c. Opinion qualified because of a departure from GAAP.
d. Adverse opinion.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
