An Accountant's Standard Report on a Compilation of a Projection

question 55

Multiple Choice

An accountant's standard report on a compilation of a projection should not include

• A) A statement that he or she does not express an opinion on the statements or assumptions.
• B) A statement that a compilation of a projection is limited in scope.
• C) A disclaimer of responsibility to update the report for events occurring after the report's date.
• D) A statement that the accountant expresses only limited assurance that the results may be achieved.

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Definitions:

Physiological Need

A basic bodily requirement that must be met to maintain health and survival, such as the need for food, water, and sleep.

Drive Reduction

A theory in psychology that suggests motivation arises from the desire to reduce internal drives caused by unmet biological needs.

Constant Internal

Ongoing, unchanging processes or conditions within an organism or system.

Blood Glucose

The concentration of glucose present in the blood, which serves as a primary energy source for the body's cells.