Under which of the following circumstances does an accountant not become associated with a financial report?
A)The accountant sits on the board of directors of the enterprise that issues the report.
B)In all cases in which the accountant consents to the use of his or her name in the report.
C)The enterprise indicates that the accountant audited or reviewed the information included in the report.
D)The report states that the accountant prepared or performed other services with respect to the information.

Question

Quizplus · Accepted Answer

An accountant becomes associated with a financial report when they consent to the use of their name in the report, when the report indicates they audited or reviewed the information, or when the report states they prepared or performed other services with respect to the information. Sitting on the board of directors does not inherently associate an accountant with a financial report unless one of the other conditions is met.

Under Which of the Following Circumstances Does an Accountant Not