The Accounting Profession Recognises the Need for Uniformity in Reporting

question 67

Multiple Choice

The accounting profession recognises the need for uniformity in reporting:

• A) as a means of avoiding confusion.
• B) because ASA 700 and ASA 705 have defined and enumerated the types of audit reports that should be included with general-purpose financial reports.
• C) because users would have considerable difficulty interpreting the meaning of an auditor's report if each were an original creation.
• D) all of the above