An Auditor's Report on Financial Statements Prepared in Accordance with a Special

question 38

Multiple Choice

An auditor's report on financial statements prepared in accordance with a special purpose financial reporting framework of accounting other than generally accepted accounting principles should include all of the following except:

• A)Reference to the note to the financial statements that describes the basis of preparation of the financial statements.
• B)Disclosure that the audit was performed in accordance with generally accepted auditing standards.
• C)An opinion as to whether the basis of accounting used is appropriate under the circumstances.
• D)An opinion as to whether the financial statements are presented fairly in conformity with the basis of accounting described.

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Definitions:

Humanization

The process of making something more humane or civilized, often involving the incorporation of values such as empathy, respect, and understanding.

Taken-For-Granted Knowledge

Information or beliefs that are widely accepted without question or critical examination.

Contemporary Colonialism

Modern or recent forms of control and influence by one country over another, often associated with exploitation.

Colonial World

Refers to the period and regions impacted by colonialism, where powerful foreign nations dominated and exploited less powerful regions, significantly influencing their social, economic, and political structures.