You Are Preparing to Issue a Report on the Compilation

question 88

Multiple Choice

You are preparing to issue a report on the compilation of financial statements for a nonpublic company. Prior to issuing the report you should

• A) read the financial statements to determine if they are free from obvious material errors.
• B) perform analytical procedures to determine if they are free from material misstatements.
• C) perform tests of balances on selected accounts to determine if they are free from material misstatements.
• D) perform limited control tests to determine if there are any material misstatements.

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Definitions:

Puts()

A standard output function in C that writes a string to stdout followed by a newline character.

Gets()

A function in C programming used to read a line of text from a file or standard input until a newline character is encountered or the end of file is reached.

Header File

In programming, a file containing declarations of functions, macros, and variables which can be included in multiple program files via preprocessor directives.

Gets()

A function that reads a line from stdin into the buffer pointed to by its argument until a newline character or EOF.