Which of the following is incorrect regarding
a compilation engagement?
a. The CPA uses his auditing expertise
to collect, classify and summarize
financial information.
b. The CPA should exercise due care.
c. The engagement ordinarily entails
reducing detailed data to a manageable
and understandable form.
d. The procedures performed do not enable
the accountant to express any form of
assurance.
a compilation engagement?
a. The CPA uses his auditing expertise
to collect, classify and summarize
financial information.
b. The CPA should exercise due care.
c. The engagement ordinarily entails
reducing detailed data to a manageable
and understandable form.
d. The procedures performed do not enable
the accountant to express any form of
assurance.