It Is Common for an Auditor to Issue a Compilation

question 92

True/False

It is common for an auditor to issue a compilation report on financial statements that omit all of the disclosures required by GAAP.

---

Definitions:

Hypotension

A medical condition characterized by abnormally low blood pressure, which can lead to symptoms such as dizziness, fainting, and, in severe cases, shock.

Systolic Blood Pressure

The pressure in the arteries when the heart beats and fills them with blood, the higher of the two blood pressure readings.

Systolic Pressure

The pressure in the arteries when the heart beats and fills them with blood, the higher number in a blood pressure reading.

Left Ventricle

The chamber of the heart that receives oxygenated blood from the left atrium and pumps it out to the body through the aorta.