13. 14. 15. C. d. A review Which of the following must be obtained in a...

 

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13. 14. 15. C. d. A review Which of the following must be obtained in a review of a nonpublic company? Engagement Letter Representation Letter a. b. C. d. No Yes Yes No Yes No Yes No When compiling financial statements, an accountant should a. Review agreements for restrictions on cash b. Understand the practices of the entity's industry C. Inquire of key personnel about subsequent events d. Perform ratio analyses of the financial data When auditing a client's MD&A to be filed with the SEC, the CPA (i) Must have audited the current year's financial statements (ii) Can say the statements are in conformity with the rules of the SEC 13. 14. 15. C. d. A review Which of the following must be obtained in a review of a nonpublic company? Engagement Letter Representation Letter a. b. C. d. No Yes Yes No Yes No Yes No When compiling financial statements, an accountant should a. Review agreements for restrictions on cash b. Understand the practices of the entity's industry C. Inquire of key personnel about subsequent events d. Perform ratio analyses of the financial data When auditing a client's MD&A to be filed with the SEC, the CPA (i) Must have audited the current year's financial statements (ii) Can say the statements are in conformity with the rules of the SEC

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13 Which of the following must be obtained in a review of a nonpublic company Engagement Letter and ... View the full answer