PRC-1 · Chapter 1 · Question 60 of 100
According to International Accounting Standards, which of the following is NOT considered a component of a 'complete set of financial statements'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The independent auditor's report
Explanation
A complete set of financial statements includes the statement of financial position, comprehensive income, changes in equity, cash flows, and notes. The director's or auditor's report is external to the financial statements.
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