Page 598 - Auditing Standards

As of December 15, 2017

unaudited. If management chooses or is required to present interim financial information in a note to the
audited financial statements, the information also should be clearly marked as unaudited.

.50 The auditor ordinarily need not modify his or her report on the audited financial statements to refer to

his or her having performed a review in accordance with this section or to refer to the interim financial
information accompanying the audited financial statements because the interim financial information has not
been audited and is not required for the audited financial statements to be fairly stated in conformity with

generally accepted accounting principles. The auditor's report on the audited financial statements should,
however, be modified in the following circumstances:

a. The interim financial information included in a note to the financial statements, including information
that has been reviewed in accordance with this section, is not appropriately marked as unaudited. (In
these circumstances the auditor should disclaim an opinion on the interim financial information.)

b. The interim financial information accompanying audited financial statements does not appear to be
presented in conformity with generally accepted accounting principles (see paragraphs .42 and .43 of
this section). However, the auditor need not modify his or her report on the audited financial

statements if his or her separate review report, which refers to those circumstances, is presented
with the information.

c. The selected quarterly financial data required by item 302(a) of Regulation S-K is omitted. The

auditor should add an explanatory paragraph, including an appropriate title, to the report, if the
selected quarterly financial data required by item 302(a) is omitted. The following is an example of
such a paragraph.

[Appropriate Title]

The company has not presented the selected quarterly financial data specified in item 302(a) of
Regulation S-K that the Securities and Exchange Commission requires as supplementary
information to the basic financial statements

d. The selected quarterly financial data required by item 302(a) of Regulation S-K has not been
reviewed. The auditor should add an explanatory paragraph, including an appropriate title, to the
report, if the selected quarterly financial data required by item 302(a) has not been reviewed. The

following is an example of such a paragraph.

[Appropriate Title]

The selected quarterly financial data on page xx contains information that we did not audit, and,
accordingly, we do not express an opinion on that data. We attempted but were unable to

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