An auditor's report on financial statements prepared in accordance with a special purpose financial reporting framework of accounting other than generally accepted accounting principles should include all of the following except:
A)Reference to the note to the financial statements that describes the basis of preparation of the financial statements.
B)Disclosure that the audit was performed in accordance with generally accepted auditing standards.
C)An opinion as to whether the basis of accounting used is appropriate under the circumstances.
D)An opinion as to whether the financial statements are presented fairly in conformity with the basis of accounting described.

Question

Quizplus · Accepted Answer

An auditor's report on financial statements prepared according to a special purpose framework does not typically include an opinion on whether the basis of accounting used is appropriate under the circumstances. The auditor's role is to report on the fair presentation of the financial statements based on the applied basis of accounting, not to evaluate the appropriateness of the chosen accounting framework.

An Auditor's Report on Financial Statements Prepared in Accordance with a Special