Solved

According to Auditing Standards,financial Statements Presented on a Special Purpose

Question 69

Multiple Choice

According to auditing standards,financial statements presented on a special purpose should not


A) Contain a note describing the special purpose framework.
B) Describe in general how the special purpose framework differs from generally accepted accounting principles.
C) Be accompanied by an audit report that gives an unqualified opinion with reference to the special purpose framework.
D) Contain a note with a quantified dollar reconciliation of the assets based on the special purpose framework with the assets based on generally accepted accounting principles.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents