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Question: A CPA who is associated with the financial statements of a publicly held entity, but has not audited or reviewed such statements, should:

a. Issue a compilation report.

b. State these facts in the accompanying footnotes to the financial statements.

c. Read them to determine whether there are obvious material misstatements.

d. Insist that they be audited or reviewed before publication.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92564400
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