Examlex
If the auditor has no reservations about the fairness of the financial statements but believes there is a remote possibility that resolution of an uncertainty will have a material effect on the financial statements,which of the following would the auditor issue?
Land
Land refers to a parcel or tract of ground, including any natural resources over or under it, owned or used by a person or organization.
Existing Building
A structure that has been previously erected and is used or suitable for use in a particular function or occupancy.
Ready Land
Land that has been developed or prepared for construction or agricultural use, often including improvements like utility connections or cleared terrain.
Land Improvements
Enhancements made to land such as landscaping, fencing, and lighting that increase the property's value.
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