Helpful Co

Multiple Choice

Helpful Co., a nonprofit entity, prepared its financial statements on an accounting basis prescribed by a regulatory agency solely for filing with that agency. Green audited the financial statements in accordance with generally accepted auditing standards and concluded that the financial statements were fairly presented on the prescribed basis. Green should issue a:

A) Qualified opinion.
B) Standard three paragraph report with reference to footnote disclosure.
C) Disclaimer of opinion.
D) Special report.