The comparison of differences between actual and planned results
A) is done by the external auditors.
B) appears on the company's external financial statements.
C) is usually done orally in departmental meetings.
D) appears on periodic budget reports.

Question

Quizplus · Accepted Answer

The comparison of differences between actual and planned results typically appears on periodic budget reports. Option A is not entirely accurate since external auditors do review financial statements, but their primary focus is on verifying the accuracy of financial information rather than comparing actual and planned results. Option B is also not entirely accurate since while financial statements may include some information on actual and planned results, it is not the primary purpose of financial statements. Option C is not a common approach for comparing actual and planned results in organizations.

The Comparison of Differences Between Actual and Planned Results