When an Accountant Is Asked to Compile Financial Statements That

question 9

Multiple Choice

When an accountant is asked to compile financial statements that omit substantially all of the required disclosures, which of the following actions is appropriate?

• A) The CPA cannot accept the engagement.
• B) The CPA may accept the engagement.
• C) The CPA may accept the engagement if the CPA believes the omission is not undertaken to mislead users.
• D) The CPA must express an adverse opinion.

---

Definitions:

Incident Rates

The frequency at which certain events, such as accidents or injuries, occur within a specified period or population.

Employee Responsibilities

The duties and obligations that an employee is expected to fulfill as part of their job role within an organization.

Solutions

Methods or processes designed to solve problems or address specific needs.

Organizational Culture

The shared beliefs, values, norms, and practices that shape the social and psychological environment of a business or organization.