When Reporting on Financial Statements That Include Only Summarized Totals

question 81

Multiple Choice

When reporting on financial statements that include only summarized totals of account balances,the auditors' conclusion should state whether the information in the summary financial statements

• A)Is complete with respect to disclosures required by the SEC.
• B)Is fairly stated,in all material respects,in accordance with generally accepted accounting principles.
• C)Is consistent,in all material respects,with the prior years' summary financial statements.
• D)Is fairly stated,in all material respects,in relation to the complete financial statements.