During a Review of the Financial Statements of a Nonpublic

question 2

Multiple Choice

During a review of the financial statements of a nonpublic entity,the CPA finds that the financial statements contain a material departure from generally accepted accounting principles.If management refuses to correct the financial statement presentations,the CPA should:

• A)Disclose the departure in a separate paragraph of the report.
• B)Issue an adverse opinion.
• C)Attach a note explaining the effects of the departure.
• D)Issue a compilation report.

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Definitions:

Media Handlers

Professionals responsible for managing and controlling the public image and information dissemination of individuals or organizations in the media.

Political Planners

Individuals or groups responsible for developing strategies and policies for political campaigns, governmental operations, or party organization.

Campaign Logisticians

Specialists responsible for planning and managing the logistics and operational aspects of political campaigns or marketing initiatives.

Image Managers

Professionals who shape and maintain the public image of individuals, organizations, or products.