An auditing firm can issue a compilation report even if it is not independent with respect to the client.

Question

Quizplus · Accepted Answer

A compilation report can be issued by an auditing firm even if it is not independent of the client, as the report does not provide assurance on the financial statements, but rather presents the financial data in a structured financial statement format based on information provided by the client.

An Auditing Firm Can Issue a Compilation Report Even If