Multiple Choice
Which of the following statements about a compilation engagement is NOT true?
A) The accountant must have adequate technical training and proficiency in accounting.
B) The accountant does not have to have an objective state of mind.
C) The statements must comply with generally accepted accounting principles.
D) The accountant should adequately plan and properly execute the work.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following procedures should an
Q3: If a PA prepares a statement of
Q4: An accountant's communication on the financial statements
Q5: Auditing standards apply to work on all
Q6: In a compilation engagement,the accountant performs no
Q8: Substantive and compliance testing are applicable to
Q9: Financial statements must be presented fairly as
Q10: Donna Prima,CPA,was engaged to review the financial
Q11: What is meant by "audit of internal
Q12: Review engagements provide a moderate level of