The Financial Statements Are Prepared by Client Management _______

question 80

Multiple Choice

The financial statements are prepared by client management _______.

• A)based on beginning of year financial conditions
• B)for formal review and issuance of an audit opinion by the internal auditors
• C)on the basis of conditions existing at year-end, which would be December 31 for a calendar year entity
• D)on the basis of conditions existing at year-end, which should always be December 31