When interim financial information is presented in a footnote to annual financial statements, the standard audit report

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When interim financial information is presented in a footnote to annual financial statements, the standard audit report on the annual financial statements should
a. Not mention the interim information unless there is an exception that the auditors need to include in the report.
b. Contain an audit opinion paragraph that specifically mentions the interim financial information if it is not in conformity with GAAP.
c. Contain an extra paragraph that gives negative assurance on the interim information if it has been reviewed.
d. Contain an extra paragraph if the interim information note is labeled “Unaudited.”

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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