Each page of the compiled financial statements may include which of the following references? A. "See accountant's compilation report." B. "The compilation is appropriate for investor use" C. "The financial statements conform to GAAP.". D. "These financial statements are not audited or reviewed." Financial statement users should be able to evaluate the degree of responsibility the accountant is taking, if any, by reference to which of the following? A. The accountant's engagement letter B. The accountant's report. C. The financial statements and the level of detail being presented. The working papers prepared by the accountant and made available as a part of the SSARS D. engagement Which of the following situations is an example of the need for split-level reporting? A. An accountant was engaged to compile the financial statements of a client and had to change the engagement to a review as a result of a bank requirement An auditor has only been engaged to audit one basic financial statement, but the client wants B. to present a complete set of financial statements An auditor sets out to audit financial statements and to issue an unqualified opinion, but after c. performing the audit, a qualified opinion had to be issued D. Two accounting firms were engaged by a client, one to compile the financial statements and the other to review the financial statements. If in a review engagement, the client refuses to provide the accountant with a management representation letter, the accountant would normally do which of the following? A. Issue a compilation report. Issue a qualified review report with an additional paragraph which states that management has refused to furnish the representation letter. B. C. Issue the standard review report D. Withdraw from the engagement Analytical procedures in a review engagement generally include all except which of the following? Comparing of financial statements being reviewed with statements of comparable prior A. period(s). Comparing ratios and indicators for the current period with those of entities for the same B. industry. C. Reading the representation letter for indication of problem areas. Studying the relationships among the financial statement elements that should conform to D. predictable patterns