6. Which statement is correct concerning interim financial reporting? I. An interim financial report may consist of a complete set of financial statement. II. An interim financial report may consist of a condensed set of financial statement. 7. An interim financial report shall include? I. Condensed statement of financial position and comprehensive income II. Accounting policies and explanatory notes

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
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6. Which statement is correct concerning interim financial reporting?
I. An interim financial report may consist of a complete set of financial statement.
II. An interim financial report may consist of a condensed set of financial statement.

7. An interim financial report shall include?
I. Condensed statement of financial position and comprehensive income
II. Accounting policies and explanatory notes

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