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) report the auditor's view of the appropriateness of the financial reporting framework used.
C) identify the financial reporting framework.
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 would report on whether the financial report is in accordance with the identified financial reporting framework, but it would not express an opinion on the appropriateness of the framework itself. Therefore, statement B is not correct.

Which One of the Following Statements Is NOT Correct? Under