Auditors may be asked to give an audit opinion on only one part of a financial report based on historical financial information.These include all of the following except for:
A)a statement of financial position.
B)forecast information in support of a bank loan application.
C)accounts receivable.
D)provision for income taxes.

Question

Quizplus · Accepted Answer

Forecast information is not based on historical financial data; it is forward-looking, whereas the other options are based on historical financial information.

Auditors May Be Asked to Give an Audit Opinion on Only