When an accountant compiles a nonissuer's financial statements that omit substantially all disclosures required by U.S. GAAP,
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Question:
When an accountant compiles a nonissuer's financial statements that omit substantially all disclosures required by U.S. GAAP, the accountant should indicate in the compilation report that the financial statements are
a.Restricted for internal use only by the entity's management.
b.Not to be given to financial institutions for the purpose of obtaining credit.
c.Compiled in conformity with a special purpose framework other than U.S. GAAP.
d.Not designed for those who are uninformed about such matters.
e.Including omissions not intended to mislead financial statement users.
Expert Answer:
aRestricted for internal use only by the entitys management Restricted Entity means any Person that ... View the full answer
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