Auditors Frequently Audit Statements That Were Prepared on a Comprehensive

question 60

Multiple Choice

Auditors frequently audit statements that were prepared on a comprehensive basis of accounting other than GAAP. When this occurs:

• A) generally accepted auditing standards apply to these engagements and the reporting requirements differ.
• B) generally accepted auditing standards apply to these engagements and the reporting requirements are the same as well.
• C) generally accepted auditing standards do not apply to these examinations and the reporting requirements differ also.
• D) generally accepted auditing standards do not apply to this engagement and the reporting requirements remain the same for the CPA.