Before Reporting on the Financial Statements of a U

Multiple Choice

Before reporting on the financial statements of a U.S. entity that have been prepared in conformity with another country's accounting principles, an auditor practicing in the U.S. should:

A) Understand the accounting principles generally accepted in the other country.
B) Be certified by the appropriate auditing or accountancy board of the other country.
C) Notify management that the auditor is required to disclaim an opinion on the financial statements.
D) Receive a waiver from the auditor's state board of accountancy to perform the engagement.