Hugo Crossman, CPA, issued a review statement for the CUNY Company for last year and a compiled
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Question:
Hugo Crossman, CPA, issued a review statement for the CUNY Company for last year and a compiled statement for them in the current year. During the current year, Hugo purchased some CUNY securities, which made him lose his independence—a fact noted in his CPA compilation report. Now, the CUNY Company management wants Hugo to issue comparative two year financial statements (last year and this year). Can Hugo re-issue his review report now that he is no longer independent of the CUNY Company?
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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