When comparative financial statements are presented, the auditor's report should be considered to apply to the financial statements of the:
A)periods presented plus the one preceding period.
B)current period only.
C)current period and those of the other periods presented.
D)current and immediately preceding period only.

Question

Quizplus · Accepted Answer

When comparative financial statements are presented, the auditor's report should apply to the current period and those of the other periods presented. This means that the auditor's report covers all periods presented in the comparative financial statements. It would not be accurate to limit the application of the auditor's report to the current period only or to a limited number of preceding periods.

When Comparative Financial Statements Are Presented, the Auditor's Report Should