An Auditor Is Reporting on Condensed Financial Statements for an Annual

Multiple Choice

An auditor is reporting on condensed financial statements for an annual period that are derived from the audited financial statements of a publicly-held entity. The auditor's opinion should indicate whether the information in the condensed financial statements is fairly stated in all material respects:

A) In conformity with accounting principles generally accepted in the United States of America.
B) In relation to the complete financial statements.
C) In conformity with another comprehensive basis of accounting.
D) In relation to supplementary filings under federal security statutes