Which of the following procedures is ordinarily performed by an accountant in a compilation engagement of a

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Which of the following procedures is ordinarily performed by an accountant in a compilation engagement of a nonpublic entity?

a. Reading the financial statements to consider whether they are free of obvious mistakes in the application of accounting principles.

b. Obtaining written representations from management indicating that the compiled financial statements will not be used to obtain credit.

c. Making inquiries of management concerning actions taken at meetings of the stockholders and the board of directors.

d. Applying analytical procedures designed to corroborate management's assertions that are embodied in the financial statement components.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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