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The Financial Statements of Nonpublic Companies May Be Compiled or Reviewed

Question 8

Essay

The financial statements of nonpublic companies may be compiled or reviewed by the CPAs.
a.Describe a compilation of financial statements.
b.Describe a review of financial statements.
c.Describe three procedures that are performed in the review of a nonpublic company's financial statements.

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a.A compilation is limited to taking the...

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