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Which of the following accurately reflects the reason for the requirement in a compilation engagement that the accountant should possess a level of knowledge of
Which of the following accurately reflects the reason for the requirement in a compilation engagement that the accountant should possess a level of knowledge of the accounting principles and practices of the industry in which the entity operates? A. The accountant may need to teach the client's accounting personnel the proper accounting principles and practices of the industry. B. The accountant must give the client suggestions on the proper decision-making techniques to be used in the business. C. This knowledge will allow the accountant to put forth less effort in accomplishing the objectives of the compilation. D. This knowledge will enable the accountant to compile financial statements that are appropriate in form for an entity operating in that industry
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