Which of the Following Is Correct Concerning a CPA Firm's

Multiple Choice

Which of the following is correct concerning a CPA firm's preparation of financial statements engagement?

A) The statements must only be used by management and not third parties.
B) A written engagement letter or oral agreement is required.
C) No accountant's report ordinarily accompanies the financial statements.
D) At a minimum,the accountant preparing the financial statements must comply with the compilation standards.