Which of the Following Should Not Be Included in an Accountant's

question 3

Multiple Choice

Which of the following should not be included in an accountant's standard report based upon the compilation of an entity's financial statements?

• A)A statement that a compilation is limited to presenting in the form of financial statements information that is the representation of management.
• B)A statement that the compilation was performed in accordance with standards established by the American Institute of CPAs.
• C)A statement that the accountant has not audited or reviewed the financial statements.
• D)A statement that the accountant does not express an opinion but expresses only limited assurance on the financial statements.

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Definitions:

Environmental Laws

Statutes and regulations aimed at protecting the environment from harm caused by human activities, through the regulation of pollution, resource management, and conservation.

Regulations

Rules or directives made and maintained by authorities to regulate behavior or ensure standards.

Ecology

The branch of biology that deals with the relations of organisms to one another and to their physical surroundings.

Emerged

Came into being or became noticeable or prominent in a particular context or area.