When unaudited financial statements of a nonpublic entity are presented in comparative form with audited financial statements

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When unaudited financial statements of a nonpublic entity are presented in comparative form with audited financial statements in the subsequent year, the unaudited financial statements should be clearly marked to indicate their status and I. The report on the unaudited financial statements should be reissued.

II. The report on the audited financial statements should include a separate paragraph describing the responsibility assumed for the unaudited financial statements.

a. I only.

b. II only.

c. Both I and II.

d. Either I or II.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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