It is not appropriate to refer a reader of an auditor's report to a financial statement footnote for details concerning:

Question

Quizplus · Accepted Answer

Choice "D" is correct. Details concerning the results of audit procedures (such as the results of confirmation of receivables) generally do not appear in the footnotes. Choice "A" is incorrect. Subsequent events may be discussed in an explanatory paragraph of the auditor's report, which would also refer to the related footnote. Choice "B" is incorrect. The pro forma effects of a business combination may be included in an explanatory paragraph of the auditor's report, which would also refer to the related footnote. Choice "C" is incorrect. Sale of a discontinued operation may be discussed in an explanatory paragraph of the auditor's report, which would also refer to the related footnote.

It Is Not Appropriate to Refer a Reader of an Auditor's