Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

تمرين 5

When compiling the financial statements of a non-public entity, an accountant should
A) Review agreements with financial institutions for restrictions on cash balances.
B) Understand the accounting principles and practices of the entity's industry.
C) Inquire of key personnel concerning related parties and subsequent events.
D) Perform ratio analyses of the financial data of comparable prior periods.