Which of the Following Procedures Does an Accountant Ordinarily Perform

Multiple Choice

Which of the following procedures does an accountant ordinarily perform in a compilation engagement of a nonpublic entity?

A) Reading the financial statements to consider whether they are free of obvious mistakes in the application of accounting principles.
B) Obtaining written representations from management indicating that the compiled financial statements will not be used to obtain credit.
C) Making inquiries of management concerning actions taken at meetings of the stockholders and the board of directors.
D) Applying analytical procedures designed to corroborate management's assertions that are embodied in the financial statement components.