Multiple Choice
When an auditor reports on financial statements prepared on an entity's income tax basis,the auditor's report should
A) be titled so that the financial statements are not confused with statements prepared to conform to generally accepted accounting principles.
B) disclaim an opinion on whether the statements were examined in accordance with generally accepted auditing standards.
C) not express an opinion on whether the statements are presented in conformity with the basis of accounting used.
D) include an explanation of how the results of operations differ from the cash receipts and disbursements basis of accounting.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: An opinion based in part on the
Q43: An auditor concludes that there is substantial
Q58: An auditor may be unable to express
Q62: Discuss the new IAASB reporting standards for
Q63: What are the four key audit report
Q64: In an engagement to express an opinion
Q65: Comparative financial statements include the financial statements
Q66: When comparative financial statements are presented,the fourth
Q71: An auditor concludes that there is a
Q72: Changes in an entity's accounting choices either