In a comprehensive fi nancial analysis, fi nancial statements should be:A . used as reported without adjustment.B . adjusted after completing ratio analysis.C . adjusted for diff erences in accounting standards, such as international fi nancial reporting standards and US generally accepted accounting principles.

In a comprehensive fi nancial analysis, fi nancial statements should be:A . used as reported without adjustment.B . adjusted after completing ratio analysis.C . adjusted for diff erences in accounting standards, such as international fi nancial reporting standards and US generally accepted accounting principles.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.2: Golden Bear Golf, Inc.

Problem 5Q

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