When Audited Financial Statements Are Presented in a Document Containing

question 57

Multiple Choice

When audited financial statements are presented in a document containing other information, the auditors should

• A)perform inquiry and analytical procedures to ascertain whether the other information is reasonable.
• B)add an emphasis-of-matter paragraph describing the other information to the auditors' report without modifying the opinion on the financial statements.
• C)perform the appropriate substantive procedures to corroborate the other information.
• D)read the other information to determine that it is consistent with the audited financial statements.

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Definitions:

Ovum

A female reproductive cell or egg, which, when fertilized by a sperm, begins the process of embryonic development.

Nourishment

The substances necessary for growth, health, and good condition, typically obtained from food.

Blastocyst

An early stage of embryonic development characterized by a sphere of cells surrounding a fluid-filled cavity, shortly before implantation in the uterus.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby and removing waste products from the baby's blood.