Which of the Following Reporting Options Is Least Likely with Regard

question 295

Multiple Choice

Which of the following reporting options is least likely with regard to supplementary information that is required by GAAP?

• A) The auditor's report on the financial statements makes no reference to the supplementary information.
• B) A disclaimer of opinion is issued on supplementary information that is not clearly distinguished from the financial statements and is not marked "unaudited."
• C) The auditor's report on the financial statements includes both an opinion on the supplementary information and a statement restricting the use of the report.
• D) The auditor's report on the financial statements includes an opinion regarding whether the supplementary information is fairly stated in all material respects in relation to the financial statements taken as a whole.

---

Definitions:

High Shelf

A storage space located at a higher level, often used for keeping items that are either not frequently used or need to be out of reach for safety reasons.

Circular Reaction

A repetitive action that achieves a desired result, significant in the sensorimotor stage of child development, as described by Piaget.

Pleasurable Sensation

A feeling of enjoyment or satisfaction experienced through various stimuli, which can be physical, emotional, or cognitive.

Satin Edge

A type of fabric finish where the edge is made with satin, giving it a smooth, glossy appearance.