Which of the following statements that's not properly reflect an auditors ability to enter into an engagement? - A CPA is also allowed to audit and report on the balance sheet alone without also reporting on the statements of income retained earnings, and cash flows. - A CPA may be engaged to report on selected financial data that are included in a client prepared document containing audited financial statements - When preparing a proposal for a new client, a CPA is allowed to provide an opinion on the application of accounting principles to a hypothetical transaction - A CPA is allowed to audit financial statements prepared on the cash basis of accounting