The Accountant's Standard Report for a Compilation Service Would Not

question 43

Multiple Choice

The accountant's standard report for a compilation service would not include a statement that

• A)a compilation service has been performed in accordance with standards established by the AICPA.
• B)financial statement information is the representation of the owners of the business.
• C)compilation service consists primarily of inquiries of company personnel and analytical procedures applied to financial data.
• D)financial statements have not been audited or reviewed and the accountant does not express an opinion or any other form of assurance.

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Definitions:

Feel Valued

Refers to the recognition and appreciation of an individual's contributions and worth, enhancing motivation, engagement, and loyalty.

Absences

The instances where employees are not present at their workplace during expected working hours for various reasons such as illness, personal matters, or vacations.

Contingent Reinforcement

A behavioral principle where the delivery of reinforcement is dependent on the occurrence of a specific behavior.

Reinforcer

Any stimulus that, when presented after a response, increases the likelihood of that response occurring in the future.