If a PA prepares a statement of financial condition for an individual,a standard disclaimer must be attached to it,even if it is only for the client's personal use.

Question

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Any prepared financial statement, even if it is only for the client's personal use, must have a standard disclaimer attached to it. This is to ensure that the client is aware that the statement is not audited, reviewed or compiled and therefore cannot be relied upon for any other purpose.

If a PA Prepares a Statement of Financial Condition for an Individual,a