Which of the following situations is not one where the practitioner will modify the standard compilation report?
a. There is an omission of disclosures for the compilation.
b. A compilation report is not required
c. The practitioner lacks independence.
d. An understanding of internal controls cannot be obtained.
d
You might also like to view...
As a starting point for testing capital stock and equity transactions, the auditor should review a copy of the client's articles of incorporation
a. True b. False Indicate whether the statement is true or false
A gain on the sale of a plant asset should be included in which of the following sections of a statement of cash flows prepared using the direct method?
a. Investing activities b. Operating activities c. Financing activities d. Any of these, if applied consistently from year to year
Transfer pricing is primarily incurred in
a. foreign corporations exporting their products. b. decentralized organizations. c. multinational corporations headquartered in the U.S. d. closely held corporations.
Team learning originates in individual intuitions, is amplified through interpretation, and emerges at ______.
A. the leader’s request for ideas B. the organization’s need for creativity C. the team level as collective thoughts and actions D. the team level as an individual win