Which of the Following Statements About a Compilation Engagement Is

question 12

Multiple Choice

Which of the following statements about a compilation engagement is not true?

• A)The accountant must have adequate technical training and proficiency in accounting.
• B)The accountant does not have to have an objective state of mind.
• C)The statements must comply with generally accepted accounting principles.
• D)The accountant should adequately plan and properly execute the work.

---

Definitions:

U.S. Military Academy

Also known as West Point, a prestigious institution that educates and trains officers for the United States Army.

Economic Problems

Issues related to the production, distribution, and consumption of goods and services, often resulting in unemployment, inflation, or recessions in a country's economy.

Confederacy

A federation of southern states that seceded from the United States from 1861 to 1865, leading to the American Civil War.

Paper Money

Currency made from paper that is officially issued by a government and circulated within its economy.