A compilation of prospective financial statements involves all of the following except:
A) Performing analytical procedures.
B) Assembling the statements based on the responsible party's assumptions.
C) Issuing a compilation report.
D) Considering whether the statements appear to be not obviously inappropriate.

Question

Quizplus · Accepted Answer

Analytical procedures are not typically performed in a compilation engagement, as it primarily involves assembling financial statements and issuing a report without providing assurance.

A Compilation of Prospective Financial Statements Involves All of the Following