Which of the following components of an engagement letter would apply to both a review engagement and a compilation engagement?
A) negative assurance will be provided,so there is no assurance that fraud will be detected
B) no assurance will be provided since only mathematical accuracy will be verified
C) procedures used during the engagement will be limited to analytical review and inquiry
D) a statement that each page of the statements should be clearly marked "unaudited"
Correct Answer:
Verified
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Q30: Which of the following is a professional
Q31: An accountant who reviews the financial statements
Q33: What is the title of a compilation
Q34: Which of the following items includes criteria
Q35: Richard is performing a compilation engagement.Richard is
Q36: The fact that a client has a
Q37: The accountant is working on an engagement
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