Description

Jane Wilson has prepared personal financial statements in which her assets are valued at her historical cost, less appropriate depreciation. Requirements: Please use APA format, use academic sources (AICPA, FASB, Journal of Accontancy, etc.) Each question only needs a paragraph or two of content. Is this presentation in conformity with generally accepted accounting principles? Can a public accounting firm audit these statements and issue a standard unmodified opinion? please reference this document and use its content when responding to the questions: http://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176156441953&acceptedDisclaimer=true I have also uplaoded it, but use the other accounting sources as well.