Keith Sellers, a new CPA, is establishing an accounting practice and has decided to specialize in performing

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Keith Sellers, a new CPA, is establishing an accounting practice and has decided to specialize in performing compilations. He stated, "Because CPAs provide no assurance in compilation reports, they have no legal liability." Evaluate his position.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 09:03 AM

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Keith Sellers, a new CPA, is establishing an accounting practice and has decided to specialize in performing

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Keith Sellers statement that CPAs have no legal liability in compilation reports because they provide no assurance is incorrect While it is true that compilation reports do not provide assurance on th...View the full answer

Auditing An Assertions Approach

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