When the CPA Is Not Independent with Respect to a Compilation

question 88

Multiple Choice

When the CPA is not independent with respect to a compilation client,the CPA must

• A)not accept the engagement.
• B)include a separate paragraph in the report stating the lack of independence.
• C)change the engagement to a review engagement.
• D)issue a disclaimer.

---

Definitions:

World Bank

An international monetary body that supplies loans and grants to the administrations of less wealthy nations for capital project development.

Dependency Theorist

Scholars who analyze international relations in terms of the dependence of developing countries on industrialized nations, explaining global inequalities in economic development and power dynamics.

Modernization Theorist

A scholar who believes in the process whereby societies move from traditional or less developed institutions to those characteristic of more developed societies.

World Systems Theorist

A scholar who analyzes societies in terms of systemic inequalities and hierarchical relationships on a global scale, particularly focusing on the economic dynamics between countries.