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In Business / High School | 2025-07-03

When unaudited financial statements are presented in comparative form with audited financial statements in a document filed with the Securities and Exchange Commission, how should such statements be presented?

A. Marked as "unaudited".
B. Marked as "unaudited" and referred to in the auditor's report.
C. Withheld until audited.
D. Withheld until audited and referred to in the auditor's report.

Asked by kingveg4661

Answer (2)

Unaudited financial statements must be marked as 'unaudited' and referred to in the auditor's report when presented alongside audited statements. This practice ensures transparency and helps users understand the reliability of the information. Therefore, the correct answer is Option B.
;

Answered by Anonymous | 2025-07-04

When presenting unaudited financial statements in comparative form with audited financial statements in documents filed with the Securities and Exchange Commission (SEC), it is important to follow specific guidelines to ensure transparency and compliance with regulations. The correct way to present such statements is:
B. Marked as "unaudited" and referred to in the auditor's report. ;

Answered by RyanHarmon181 | 2025-07-06

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