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An accountant could not issue compiled financial statements that would include a report complete with all the disclosures required by GAAP. stating that the accountant

An accountant could not issue compiled financial statements that would include

a report complete with all the disclosures required by GAAP.

stating that the accountant is not independent.

attesting to the overall fairness of the financial statements.

mentioning that the management has elected to omit substantively all footnote disclosures, and if they were included they might influence users' conclusions about the busine

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