The Statement That "Nothing Came to Our Attention That Would

question 54

Multiple Choice

The statement that "nothing came to our attention that would indicate that these statements are not fairly presented" expresses which of the following?

• A)disclaimer of an opinion
• B)negative assurance
• C)negative confirmation
• D)piecemeal opinion

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Definitions:

Bank Charges

Fees assessed by a bank for its services or as penalties for not meeting specific account requirements.

Bank Statement Adjustment

Bank Statement Adjustment involves correcting discrepancies between a company’s accounting records and its bank account statement, to reflect the accurate amount of cash available.

Company Books Adjustment

Modifications or corrections made to the accounting records of a company to ensure their accuracy and completeness.

Deposit In Transit

Funds that have been received and recorded by a company but not yet credited by its bank, often seen in bank reconciliation processes.