According to the Code of Professional Conduct,what Response Is Appropriate

question 55

Multiple Choice

According to the Code of Professional Conduct,what response is appropriate when an accountant,who is not independent,performs a compilation of financial statements?

• A) The accountant should indicate in the last sentence of the report that he/she is not independent.
• B) The accountant should withdraw from the engagement.
• C) The accountant should express a disclaimer opinion on the compilation.
• D) The accountant should express an adverse opinion on the compilation.

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Definitions:

Telecommunication Technology

The hardware and software technologies used to transmit information over distances through electronic means, including telephone, radio, and internet.

Teleprospecting

The process of using telephone calls to identify and qualify potential leads or sales opportunities, typically as a preliminary step before more in-depth sales activities.

Business Needs

Requirements that must be met for a company to achieve its objectives, often including resources, technologies, and specific strategies.

Observation Method

A research technique where data is collected through direct visual or auditory observation of subjects in their natural environment or settings.