For which of the following special purpose financial statements is an emphasis-of-matter paragraph alerting readers about the preparation in accordance with the special purpose framework not required?

Question

Quizplus · Accepted Answer

Emphasis-of-matter paragraph is not required for regulatory basis for general use as it falls under the special purpose framework that is acceptable for general use. However, the other three options would require an emphasis-of-matter paragraph to draw attention to the departure from general accepted accounting principles.

For Which of the Following Special Purpose Financial Statements Is