Winkelberg,a CPA,has been retained to prepare unaudited financial statements for a company,on an income tax reporting basis,for a privately-held company owned by her best friend,Stinkelberg.WInkelberg has a professional obligation to:

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As a CPA, Winkelberg has a professional obligation to use due care in preparing financial statements, regardless of her personal relationship with Stinkelberg. While the basis on which the financial statements are presented may not be in compliance with SEC filing requirements, Winkelberg is not required to withdraw from the engagement unless her client insists on presenting the financial statements in a manner that violates professional standards.

Winkelberg,a CPA,has Been Retained to Prepare Unaudited Financial Statements for a Company,on