Which of the following is not an example of financial statements that use a special purpose financial reporting framework? A)A partnership which follows accounting practices used to file its tax return. B)Statements prepared for limited purposes such as relating to contract a company has entered into. C)An organization that has limited the scope of the auditor's examination. D)An organization that follows procedures of a regulatory agency that oversees the company and its operations.

Question

Quizplus · Accepted Answer

Special purpose financial reporting frameworks typically include tax basis, cash basis, regulatory basis, or contractual basis financial statements. Option C, limiting the scope of an auditor's examination, does not relate to a specific type of financial reporting framework but rather to the audit process itself.

Which of the Following Is not an Example of Financial