Delta Technologies & Appliances is one of the audit clients of your firm. Amid technological developments, the demands &

[answerhappygod]

Delta Technologies & Appliances is one of the audit clients
of your firm. Amid technological developments, the demands &
trends in technology and appliances market has been volatile. Delta
Tech has scored significantly higher level of sales of Television,
but dramatic decrease in sales of air conditioner. During
discussion with client management & sales director, it was
revealed that air conditioners industry has just experienced a
significant technology change. Management assumes that Delta would
be able to sell its air conditioning stock at actual market
price.
Requirement:
Assuming that you are Partner/Audit Manager of said Audit Firm.
Please discuss the reporting implications (on audit report) of
above mentioned scenarios.