A compilation report:
A) provides no assurance to third parties.
B) communicates an auditor's findings to a special user group that commissioned the audit.
C) is prepared during a taxation audit.
D) is a review of an audit providing a low level of assurance.

Question

Quizplus · Accepted Answer

A compilation report provides no assurance to third parties as it involves compiling financial statements without verifying their accuracy or completeness.

A Compilation Report