Which of these best describes an audit report on a compliance with contractual agreements?
A) a special purpose report.
B) an unaudited report.
C) a supplementary report.
D) a report on limited review of financial information.

Question

Quizplus · Accepted Answer

An audit report on compliance with contractual agreements is considered a special purpose report because it is tailored to assess and report on the specific compliance aspects as per the terms of the contract, rather than the broader financial statements or operations of an entity.

Which of These Best Describes an Audit Report on a Compliance