Statement on Auditing Standards No. 62, Special Reports, is explicit about what is meant by a comprehensive
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Statement on Auditing Standards No. 62, "Special Reports," is explicit about what is meant by a comprehensive basis of accounting other than GAAP. Of the following, which is not a comprehensive basis of accounting according to SAS No. 62?
a. Cash receipts and disbursements basis of accounting.
b. A basis of accounting used to comply with a regulatory agency's requirements.
c. Historical cost adjusted for the current value of tangible assets.
d. A basis of accounting used to file income tax returns.
Choose the correct answer.
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