The Objective of a Compilation Engagement in the U

question 43

Multiple Choice

The objective of a compilation engagement in the U.S.is to

• A)express limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with GAAP
• B)present in the form of financial statements,information that is the representation of management while expressing limited assurance on the financial statements
• C)express limited assurance that there are no material misstatements in the financial statements
• D)present in the form of financial statements,information that is the representation of management without expressing any assurance on the financial statements

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Definitions:

Commitment

The condition of being committed to a purpose, task, or objective.

Inspirational Appeals

Relates to a leadership or influence tactic that seeks to elicit enthusiasm or emotion by appealing to people’s values, ideals, or aspirations.

Rational Appeals

Persuasive techniques based on logical or reasoned arguments rather than emotional appeals.

Personal Appeals

Influencing tactics that leverage the personal relationship between the influencer and the target, often invoking loyalty or friendship.