Question: Compiled financial statements for the prior year presented in comparative form with audited financial statements for the current year should be clearly marked to indicate

Compiled financial statements for the prior year presented in comparative form with audited financial statements for the current year should be clearly marked to indicate their status and I. The report on the prior period should be reissued to accompany the current period report.

II. The report on the current period should include as a separate paragraph a description of the responsibility assumed for the prior period’s financial statements.

a. I only.

b. II only.

c. Both I and II.

d. Either I or II.

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