An Auditor's Report on Comparative Financial Statements Should Be Dated

question 60

Multiple Choice

An auditor's report on comparative financial statements should be dated as of the date of the:

• A)Issuance of the report.
• B)Accumulation of sufficient appropriate audit evidence.
• C)Latest financial statements being reported on.
• D)Last related-party transaction disclosed in the statements.

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Definitions:

Benefit

an advantage or profit gained from something, or the act of improving or advancing in a particular aspect.

Requirement

A specified necessity; conditions or capabilities needed by a user to solve a problem or achieve an objective.

Negative Connotations

Implications or associations of a word or phrase that evoke negative feelings or perceptions.

Fail

to fall short of success in achieving a goal or meeting a standard, often leading to negative consequences or the need for reevaluation.