An accountant may compile a nonpublic entity's financial statements that omit all of the disclosures required by

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An accountant may compile a nonpublic entity's financial statements that omit all of the disclosures required by GAAP only if the omission is I. Clearly indicated in the accountant's report.

II. Not undertaken with the intention of misleading the financial statement users.

a. I only,

b. II only.

c. Both I and II.

d. Either I or II.

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Auditing An Assertions Approach

ISBN: 9780471134213

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Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 09:03 AM

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An accountant may compile a nonpublic entity's financial statements that omit all of the disclosures required by

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The correct answer is c Both I and II When an accountant compiles financial state...View the full answer

Auditing An Assertions Approach

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