When an Accountant Is Engaged to Compile a Nonpublic Entity's

question 67

Multiple Choice

When an accountant is engaged to compile a nonpublic entity's financial statements that omit substantially all disclosures required by GAAP,the accountant should indicate in the compilation report that the financial statements

• A) Might influence users' conclusions about the business if the disclosures were included.
• B) Are prepared in conformity with a comprehensive basis of accounting other than GAAP.
• C) Are not compiled in accordance with Statements on Standards for Accounting and Review Services.
• D) Are special purpose financial statements not comparable to those of prior periods.

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