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A CPA firm has been approached by a local small business and has been requested to assist management in preparation of the financial statements. Which
A CPA firm has been approached by a local small business and has been requested to assist management in preparation of the financial statements. Which of the following correctly represents the type of engagement this would be classified as? O This would be classified as a compilation engagement, as the CPA firm is simply assisting management with financial statement preparation. This would be classified as a review engagement, as the CPA firm will undoubtedly review the information before signing any documents related to the engagement. This would be classified as an attestation engagement, as the CPA firm can still be held legally liable for misstatements. None of these answer choices are correct
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