An auditor's report on financial statements prepared in accordance with another comprehensive basis of accounting should include all of the following, except:

Question

Quizplus · Accepted Answer

Choice "A" is correct. The auditor would not indicate in his/her report an opinion as to whether the method of accounting used is appropriate. Choice "B" is incorrect. The auditor would include in his report an opinion as to whether the financial statements are presented fairly in conformity with the other comprehensive basis of accounting. Choice "C" is incorrect. The auditor would include in his report reference to the note to the financial statements that describes the basis of presentation. Choice "D" is incorrect. The auditor would include in his report a statement that the basis of presentation is a comprehensive basis of accounting other than generally accepted accounting principles.

An Auditor's Report on Financial Statements Prepared in Accordance with Another