George Wilson CA is on the board of directors of a small manufacturing company,Smith Plastics,Inc.The president of the company,John Smith,has asked George to prepare financial statements for the company to be submitted to Vancouver Dominion Bank as part of a loan request.Mr.Smith tells George that the bank would like a review or an audit,but would settle for a compilation from a CA.He would like George to do the compilation.
Required:
Under what conditions,if any,would George Wilson be allowed to compile the financial statements of Smith Plastics,Inc.?

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The Answer of George Wilson CA is on the board of directors of a small manufacturing company,Smith Plastics,Inc.The president of the company,John Smith,has asked George to prepare financial statements for the company to be submitted to Vancouver Dominion Bank as part of a loan request.Mr.Smith tells George that the bank would like a review or an audit,but would settle for a compilation from a CA.He would like George to do the compilation.
Required:
Under what conditions,if any,would George Wilson be allowed to compile the financial statements of Smith Plastics,Inc.?

George Wilson CA Is on the Board of Directors of a Small