What is an auditor's responsibility for supplementary information, such as segment information, that is outside the basic financial statements, but required by the FASB?

A. The auditor has no responsibility for required supplementary information as long as it is outside the basic financial statements.

B. The auditor's only responsibility for required supplementary information is to assist in preparing the supplementary information.

C. The auditor is required to read the other information and consider whether such information is consistent with the information in the financial statements.

D. The auditor should apply tests of details of transactions and balances to the required supplementary information and report any material misstatements in such information.


C. The auditor is required to read the other information and consider whether such information is consistent with the information in the financial statements.

Business

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The primary purpose of a strategic market plan is to create a set of performance objectives and to guide the development of marketing mix strategies

Indicate whether the statement is true or false

Business

Exhibit 13-2 On January 1, 2017, the Clutz Company purchased 30% of the 1,000,000 shares of Nancy's common stock for $15,000,000 when 30% of Nancy's net assets totaled $12,000,000. The excess of purchase price over the underlying assets was attributable to undervalued depreciable plant assets with a remaining useful life of ten years. Nancy reported net income of $8,000,000 and paid cash

dividends of $2,000,000 during 2017. ? Refer to Exhibit 13-2. What should the income reported by Clutz during 2017 from its investment in the Nancy Company be? A) $ 600,000 B) $2,100,000 C) $2,400,000 D) $2,900,000

Business

Business writers should spend most of their time ________ , which is the third phase of the writing process

Fill in the blank(s) with correct word

Business

Real estate developers often place __________ on subdivisions that obligate the buyers to honor limitations in their use of their property, the nature of buildings that will be maintained or constructed on the land

A) nonconforming use restrictions. B) zoning restrictions. C) restrictive covenants. D) variance covenants.

Business