You Are a Public Accountant Retained by the Manager of a Cooperative

question 32

Multiple Choice

You are a public accountant retained by the manager of a cooperative retirement village to do "write-up work." You are expected to prepare unaudited financial statements with each page marked "unaudited" and accompanied by a disclaimer of opinion stating no audit was made.In performing the work,you discover that there are no invoices to support $25 000 of the manager's claimed disbursements.The manager informs you that all the disbursements are proper.What should you do?

• A)Submit the expected statements but omit $25 000 of unsupported disbursements.
• B)Include the unsupported disbursements in the statements since you are not expected to make an audit.
• C)Obtain from the manager a written statement that you informed him of the missing invoices and include his assurance that the disbursements are proper.
• D)Obtain further information about the $25 000 of unsupported items and withdraw if the situation is not satisfactorily resolved.

---

Definitions:

Theme Colors

A set of colors that is used throughout a document or presentation to maintain consistent visual appearance.

Report Layout

The structure and design of a report, determining how data is displayed, including the arrangement of fields, formatting, and style.

Conditional Formatting

A feature in spreadsheet and database software that changes the appearance of cells based on their values or other criteria, such as changing colors or adding icons.

Font Size

The measurement that specifies the height of characters in typography, typically expressed in points or pixels.