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Which of the following statements is correct concerning an engagement to prepare financial statements? Select one: a. The accountant must obtain a management representation letter.
Which of the following statements is correct concerning an engagement to prepare financial statements?
Select one:
a.
The accountant must obtain a management representation letter.
b.
The accountant must mention a lack of independence, if any, in its report.
c.
The accountant should inquire about internal controls over the processing of payroll.
d.
The accountant should ensure that each page of the financial statements include a statement indicating that no assurance has been provided on the financial statements.
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