An Auditor Who Conducts an Examination in Accordance with Generally

question 40

Multiple Choice

An auditor who conducts an examination in accordance with generally accepted auditing standards and concludes that the financial statements are fairly presented in accordance with a comprehensive basis of accounting other than GAAP, should issue a:

• A)review report.
• B)special kind of report.
• C)qualified opinion.
• D)disclaimer of opinion.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to known amounts of cash, typically with original maturities of three months or less.