关于其他报表的审计

问题如下：

Reviewing the MD&A;A section of an annual report is important because:

选项：

A.

future revenue projections must be disclosed.

B.

accounting policies may require subjective judgment by management.

C.

management commentary is typically unaudited.

解释：

B is correct. Companies should disclose in management commentary any critical accounting policies that require management to make subjective judgements that may have a significant impact on reported financial results. These subjective judgements should be carefully reviewed because they may materially alter an analyst’s conclusions about the future performance or financial position of a company

A is incorrect because companies are not required to disclose future revenue projections in the management’s discussion and analysis section of financial statements, but should highlight any favorable or unfavorable trends or uncertainties that may impact future performance or financial position.

C is incorrect because although management commentary is typically unaudited, it is not a reason why management commentary is of importance to analysts. Rather, analysts should be aware that management commentary is unaudited and interpret accordingly.