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According to the Statements on Standards for Accounting and Review

Question 24

Multiple Choice

According to the Statements on Standards for Accounting and Review Services, what response is appropriate when an accountant, who is not independent, performs a compilation of financial statements?


A) The accountant should state in the report that he/she is not independent.
B) The accountant should withdraw from the engagement.
C) The accountant should express a disclaimer opinion on the compilation.
D) The accountant should express an adverse opinion on the compilation.

Correct Answer:

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