Information accompanying the basic financial statements in an auditor-submitted document should not include:

Question

Quizplus · Accepted Answer

Choice "B" is correct. A statement that the "allowance for doubtful accounts is adequate" is generally not included in information accompanying the basic FS in an auditor-submitted document (ASD) because it expresses an opinion rather than providing details or s. Choices "A", "C", and "D" are incorrect, because the following information, which contains additional details or s, may accompany the basic FS in an ASD: A. An analysis of inventory by location. C. Depreciable lives of assets. D. An analysis of revenue by product line.

Information Accompanying the Basic Financial Statements in an Auditor-Submitted Document