My Goodness: Not Disclosing an Accounting Method! The notes to the consolidated statements do not disclose the parent’s manner of accounting for its investments in its numerous subsidiaries, all of which are consolidated.

Required 1 Should the company’s outside auditors mention this omission in their audit report or qualify their opinion on the consolidated statements?
2 Would your answer change if the parent had changed its method of accounting for its invest¬ ment?