F/S with special purpose framework

Question 1

special purpose framework

Answer 1

a financial reporting framework other than gaap

cash basis
tax basis
regulatory basis
contractual basis

*ocboa term no longer used

Question 2

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

Answer 2

special purpose framework

Question 3

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

Answer 3

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