alleryStart learning →For which statements may the going concern basis be irrelevant?
AAll general purpose statements
BSome tax basis special purpose ones
CEvery listed company's statements
DAll consolidated statements
Answer & Solution
Correct answer: B. Some tax basis special purpose ones
Some special purpose statements, such as certain tax basis ones, do not use a going concern basis.
Keep practising Auditor's Report
Browse all Auditor's Report questions for CA Final, or explore more Auditing topics.
Related questions
Audit reports derive their value mainly from doing what to financial statements?A report meant only for a parent company is what?Independence of the auditor mainly supports which feature of the report?The introductory paragraph of the traditional report identifies what?In the traditional three-paragraph report, which paragraph describes the nature of the audWhat does a report to the audit committee typically give?Firing an auditor to hunt for a clean opinion is called what?Sarbanes-Oxley set up which audit regulator?