Câu 182: AUD: CPA Auditing and Attestation Exam

When a CPA reports on audited financial statements prepared on the cash receipts and disbursements basis of accounting, the report should:

1. A. Explain why this basis of accounting is more useful for the readers of this entity's financial statements than GAAP.
2. B. Refer to the note in the financial statements that describes management's responsibility for the financial statements.
3. C. State that the basis of presentation is a comprehensive basis of accounting (OCBOA) other than GAAP. — đáp án hiện tại
4. D. Include a separate explanatory paragraph that discusses the justification for, and the CPA's concurrence with, the departure from GAAP.