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.

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Definitions:

Shame

A painful feeling arising from the consciousness of something dishonorable or improper done by oneself or another.

Pride

A feeling of satisfaction and self-respect that comes from one's achievements, qualities, or possessions, which can also reflect a community's esteem.

Cortisol

A steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration.