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Which of the Following Is Correct Relating to Compiled Financial

Question 14

Multiple Choice

Which of the following is correct relating to compiled financial statements?


A) A compilation report must be issued.
B) Omission of note disclosures is unacceptable.
C) A written agreement with the client (ordinarily,an engagement letter) is not required.
D) Each page of the financial statements should have a restriction such as "Restricted for Management's Use Only".

Correct Answer:

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