Given that a compilation does not involve providing any assurance and the auditor does not need to
Question:
Given that a compilation does not involve providing any assurance and the auditor does not need to be independent to conduct the engagement, why do you believe that auditing standards (for example, the AICPA) prohibits the performance of management functions, such as approving journal entries?
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While its true that a compilation engagement doesnt require independence or provide assurance the re...View the full answer
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Related Book For 
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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