According to the Statements on Standards for Accounting and Review

question 24

Multiple Choice

According to the Statements on Standards for Accounting and Review Services, what response is appropriate when an accountant, who is not independent, performs a compilation of financial statements?

• A)The accountant should state in the report that he/she is not independent.
• B)The accountant should withdraw from the engagement.
• C)The accountant should express a disclaimer opinion on the compilation.
• D)The accountant should express an adverse opinion on the compilation.

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Definitions:

Conflict

A struggle or clash between opposing forces, arising from differences in ideas, values, or interests.

Contact Hypothesis

A theory suggesting that under appropriate conditions intergroup contact is one of the most effective ways to reduce prejudice between majority and minority group members.

Intergroup Relations

Refers to the interactions and relationships between groups, including their dynamics, conflicts, and cooperation.

Positive Contact

Interactions between different groups that are cooperative and pleasant, aimed at reducing prejudices and improving intergroup relations.