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

question 43

Multiple Choice

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

• A) an opinion as to whether the basis of accounting used is appropriate under the circumstances.
• B) an opinion as to whether the financial statements are presented fairly in conformity with the other basis of accounting.
• C) reference to the note to the financial statements that describes the basis of presentation.
• D) a statement that the basis of presentation is a basis of accounting other than generally accepted accounting principles.

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Definitions:

Career Goals

Objectives that an individual sets for their professional path, often involving steps to achieve specific job positions or accomplishments.

Romantic Relationship

A partnership between two individuals characterized by emotional and often sexual intimacy.

Economic Status

A measure of a person's or a family's financial and social position relative to others, based on income, education, and occupation.

Common Interests

Shared hobbies, activities, or beliefs that bring people together or help in forming bonds.