Before Issuing a Report on the Compilation of Financial Statements

question 75

Multiple Choice

Before issuing a report on the compilation of financial statements of a nonpublic entity,the accountant should

• A) apply analytical procedures to selected financial data to discover any material misstatements.
• B) corroborate at least a sample of the assertions management has embodied in the financial statements.
• C) inquire of the entity's personnel whether the financial statements omit substantially all disclosures.
• D) read the financial statements to consider whether the financial statements are free from obvious material errors.

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