Which of the following statements about reporting on interim financial statements is false?
a. The disclosure and reporting requirements for interim financial statements differ from those for annual financial statements.
b. Information disclosed in the latest annual financial statements must be repeated in the interim financial statements, except for
continuing contingencies and other uncertainties.
c. The negative assurance provided for interim financial state ments should be modified when there is a material departure from GAAP or inadequate disclosure.
d. Interim financial statements should include disclosures about events that occurred since the latest year end, such as changes in accounting principles or estimates and significant changes in financial position.