Which of the Following Is Correct Relating to Compiled Financial

question 14

Multiple Choice

Which of the following is correct relating to compiled financial statements when third party reliance upon those statements is anticipated?

• A)A compilation report must be issued.
• B)Omission of note disclosures is unacceptable.
• C)A written engagement letter is required.
• D)Each page of the financial statements should have a restriction such as "Restricted for Management's Use Only".

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