Which of the Following Would Be Required in a Compilation

question 55

Multiple Choice

Which of the following would be required in a compilation?

• A)an understanding between the client and the accountant for the services to be provided
• B)a formal engagement letter signed by the client
• C)management's acknowledgements for its responsibility with regards to the financial statements
• D)a confirmation of the auditor's independence

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Definitions:

Proportional

Describing a control or relationship where a change in one quantity results in a proportional change in another quantity.

Voltage

The electrical potential difference between two points in a circuit, often measured in volts.

Table

An arrangement of data made up of rows and columns, often used to organize and display information systematically.