Illustrations of Auditor's Reports on Comparative Financial Statements: A Survey of the Application of SAS No. 15 |
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1976 financial statements accepted accounting principles accepted auditing standards accordance accordingly included accounting principles applied accounting records assets auditing procedures auditor's report auditors whose report basis consistent Board of Directors carrying value Certified Public Accountants changes in financial circumstances Company and subsidiaries Company's conformity considered necessary consistent basis consolidated balance sheet consolidated financial position consolidated financial statements consolidated results Corporation and subsidiaries December 31 described in Note Directors and Stockholders discussed in Note ended December 31 equity and changes examined the consolidated explained in Note fairly the consolidated fairly the financial February 28 financial statements present financial statements referred included such tests Independent Accountants J. P. Morgan July 31 litigation net realizable value October 31 operations and changes preceding paragraph predecessor auditor prior period related consolidated statements related statements report dated Report of Independent retained earnings September 30 statements of income statements of operations statements present fairly subsidiaries at December