The financial statements prepared for a compilation engagement may not be complete according to an acceptable financial

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The financial statements prepared for a compilation engagement may not be complete according to an acceptable financial reporting framework. Why is this exception permitted? Provide examples of information that might be excluded.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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