In the Standard Report on Condensed Financial Statements That Are

Multiple Choice

In the standard report on condensed financial statements that are derived from a public entity's audited financial statements, a CPA should indicate that the:

A) Condensed financial statements are prepared in conformity with another comprehensive basis of accounting.
B) CPA has audited and expressed an opinion on the complete financial statements.
C) Condensed financial statements are not fairly presented in all material respects.
D) CPA expresses limited assurance that the financial statements conform with GAAP.