An Accountant Performing a Compilation or Review of the Financial

question 712

Multiple Choice

An accountant performing a compilation or review of the financial statements of a nonissuer should:

• A) Be able to justify departures from SSARS.
• B) Never depart from SSARS guidelines.
• C) Exercise professional judgment in applying SSARS, since they are considered recommendations as opposed to standards.
• D) Not depart from Statements on Auditing Standards.

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Definitions:

Absolute Sensory Threshold

The minimum stimulus intensity required for detection by a sensory system.

Stimulus

Anything that triggers a sensory or behavioral reaction in a living organism.

Unconscious Level

Refers to the part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Pheromone

A chemical substance produced and released into the environment by an animal, especially an insect, affecting the behavior or physiology of others of its species.