Question: Your client, Cheaney Rental Properties, has engaged you to perform a compilation of its forecasted financial statements for a loan with the National Bank of

Your client, Cheaney Rental Properties, has engaged you to perform a compilation of its forecasted financial statements for a loan with the National Bank of Rockwood.

Required:
a. Describe the steps an accountant should complete when conducting a compilation of prospective financial statements.
b. Prepare a standard compilation report for Cheaney Rental Properties.

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