It Is the End of the Client's First Quarter and Bill

question 30

Multiple Choice

It is the end of the client's first quarter and Bill Smith,CPA has been engaged to perform a compilation and to issue a compilation report on the financial statements.The client does not wish to present notes to the financial statements.The appropriate report includes:

• A)Qualified opinion ("subject to" the omission of the notes).
• B)Compilation report with an adverse opinion due to inadequate disclosure.
• C)Standard compilation report.
• D)Compilation report with an indication that all required disclosures under GAAP may not be presented with the statements.