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In a compilation engagement, when there are known departures from the applicable financial reporting framework Group of answer choices The accountant is required to determine
In a compilation engagement, when there are known departures from the applicable financial reporting framework Group of answer choices The accountant is required to determine the effects of the departure. Material departures that are not disclosed in the notes should be reported in a modified compilation report in a separate paragraph. The accountant should add a statement to the report that the financial statements are not in conformity with the applicable framework. The accountant should withdraw from the engagement.
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