An accountant performing a compilation or review of the financial statements of a nonissuer should:

Question

Quizplus · Accepted Answer

Choice "A" is correct. An accountant should be able to justify departures from SSARS. Choice "B" is incorrect. An accountant may occasionally depart from SSARS guidelines, but should be prepared to justify such departures. Choice "C" is incorrect. While it is true that an accountant should exercise professional judgment in applying SSARS, it is not true that SSARS are considered recommendations. SSARS are professional standards, which the accountant should generally follow. Choice "D" is incorrect. Statements on Auditing Standards do not apply to compilations or reviews of the financial statements of a nonissuer.

An Accountant Performing a Compilation or Review of the Financial