Neil Gonzales, ACCT 470-V2WW, Assignment 3-2 Final

Neil Gonzales, ACCT 470-V2WW, Assignment 3-2 Final - Neil...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Neil Gonzales Assignment 3-2 Special Reports 20 points Due: May 22 Chapter 18: Review Question 18-8. P. 630 List three examples of special reports. Three examples of special reports are: “Financial statements prepared on comprehensive basis of accounting other than GAAP. Specified elements, accounts, or items of a financial statement. Compliance with aspects of contractual agreements on regulatory requirements related to audited financial statements” (Messier et al., 2010, p. 624). Review Question 18-9. P. 628 List four bases for OCBOA financial statements. Why is it important that the audit report clearly identify the basis of accounting used in the preparation of the financial statements? Four bases for OCBOA financial statements: “Regulatory basis. Tax basis. Cash (or modified cash) basis. A definite set of criteria having substantial support” (Messier et al., 2010, p. 624). It is important that the audit report clearly identify the basis of accounting used in the preparation
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/25/2011 for the course ACCT 420 taught by Professor Fidler during the Winter '08 term at Franklin.

Page1 / 2

Neil Gonzales, ACCT 470-V2WW, Assignment 3-2 Final - Neil...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online