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Flashcards in F/S with special purpose framework Deck (3)
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1

special purpose framework

a financial reporting framework other than gaap

cash basis
tax basis
regulatory basis
contractual basis

*ocboa term no longer used

2

should add an emphasis of matter opinion after opinion if using a ____

special purpose framework

3

when using contractual basis or regulatory basis a ______paragraph should be added to restrict the distribution of the report to specified users

other matter paragraph

if the f/s are prepared on a regulatory basis and are intended for general use then neither the emphasis or matter paragraph or other matter paragraph should be included in the report