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The financial statements of nonpublic companies may be prepared, compiled, or reviewed by the CPAs. a. Describe preparation of financial statements. b. Describe a compilation

The financial statements of nonpublic companies may be prepared, compiled, or reviewed by the CPAs.

a. Describe preparation of financial statements.

b. Describe a compilation of financial statements.

c. Describe a review of financial statements.

d. Describe three procedures that are performed in the review of a nonpublic company's financial statements.

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