Which one of the following statements is NOT correct? Under ASA 800, the audit report for special purpose financial reports would:
A) contain an opinion section.
B) identify the financial reporting framework.
C) report the auditor's view of the appropriateness of the financial reporting framework used.
D) indicate that the financial report is a special purpose financial report.

Question

Quizplus · Accepted Answer

Under ASA 800, the audit report for special purpose financial reports does not report the auditor's view of the appropriateness of the financial reporting framework used. This is because a special purpose financial report is not intended to provide a complete set of financial statements in accordance with a financial reporting framework, but rather to meet the specific needs of intended users.

Which One of the Following Statements Is NOT Correct? Under