Is Independence Required When an Accountant Is Engaged to Either

question 57

Multiple Choice

Is independence required when an accountant is engaged to either prepare or compile a client's financial statements? $$\begin{array} { | l | c | c | } \hline & \text { Prepare } & \text { Compile } \\\hline \text { A. } & \text { Yes } & \text { Yes } \\\hline \text { B. } & \text { Yes } & \text { No } \\\hline \text { C. } & \text { No } & \text { Yes } \\\hline \text { D. } & \text { No } & \text { No } \\\hline\end{array}$$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Sudden Surge

An abrupt and substantial increase or intensification of something, such as energy, activity, or emotion, occurring in a short period of time.

Proficient

Having a high degree of skill or expertise in a particular field or activity.

Mastering

The process of acquiring complete skill or knowledge in a subject or activity.

Career Development

The process of managing life, learning, and work over the lifespan to progress in one’s job or occupation.