When Reporting on Financial Statements That Include Only Summarized Totals

question 169

Multiple Choice

When reporting on financial statements that include only summarized totals of account balances, the auditors' conclusion should state whether the information in the summary financial statements

• A)is complete with respect to disclosures required by the SEC.
• B)is fairly stated, in all material respects, in accordance with generally accepted accounting principles.
• C)is consistent, in all material respects, with the prior years' summary financial statements.
• D)is fairly stated, in all material respects, in relation to the complete financial statements.

---

Definitions:

Primatologists

Scientists who study primates, including their behavior, biology, and evolutionary history.

Primate Biology

The study of the biological aspects of primates, including their anatomy, physiology, behavior, and evolution.

Tool Innovation

The creation or modification of tools to solve problems or perform tasks more efficiently, a hallmark of human and some animal cognitive evolution.

Lowland Chimpanzees

A subspecies of the common chimpanzee inhabiting forest and savannah regions across central Africa, known for their complex social structures.