DAS is usually used by organizations for backing up data and for the off-line storage of data that are not frequently referenced
Indicate whether the statement is true or false
TRUE
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Inventory is reported in the current asset section of the balance sheet
a. true b. false
An Auditor's client is a nonprofit organization. U.S. GAAP for this type of non-profit organization have been clearly defined in the client has followed such practices. the preferred method of reporting on the client adherence to such practices is to
a. Use the phrase "In accordance with accounting principles generally accepted in the United States of America" in the opinion paragraph b. Use the phrase "In conformity with generally accepted accounting practices for a nonprofit organization in the... field" in the opinion paragraph c. Describe the accounting practices and a separate paragraph with appropriate reference thereto in the opinion paragraph d. Make no reference because accounting practices different for each nonprofit organization