When performing a review of the financial statements of a nonpublic entity, what is the CPA's reporting

Question:

When performing a review of the financial statements of a nonpublic entity, what is the CPA's reporting obligation if he or she determines that the statements are materially affected by

(a) a departure from generally accepted accounting principles and

(b) an inconsistency in the application of generally accepted accounting principles?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

Question Posted: