May an accountant plan and perform an engagement to compile or review the financial statements of a not-for-profit entity if the accountant is unfamiliar with the specialized industry accounting principles?
A. Neither a compilation nor a review could be performed without the specialized knowledge.
B. Only a review could be performed without the specialized knowledge.
C. Both a compilation and a review could be performed without the specialized knowledge.
D. Only a compilation could be performed without the specialized knowledge.
Answer: A
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