The financial statements of nonpublic companies may be compiled or reviewed by the CPAs.
a.Describe a compilation of financial statements.
b.Describe a review of financial statements.
c.Describe three procedures that are performed in the review of a nonpublic company's financial statements.

Question

Quizplus · Accepted Answer

The Answer of The financial statements of nonpublic companies may be compiled or reviewed by the CPAs.
a.Describe a compilation of financial statements.
b.Describe a review of financial statements.
c.Describe three procedures that are performed in the review of a nonpublic company's financial statements.

The Financial Statements of Nonpublic Companies May Be Compiled or Reviewed