Auditing Which of the following services, if any, may an accountant who is not independent provide?...
Auditing
Which of the following services, if any, may an accountant who is not independent provide?
A. Preparations and compilation but not reviews.
B. Reviews but not preparations
C. Both compilations and reviews
D. No services
Homework Answers
Correct answer is
A. Preparations and compilation but not reviews.
The work of preparation and compilation of financial reports involve presentation of the accounting records in the proper format and doesnt involve any assurance service. The service of reviews involve attestation and assurance for which independency of the accountant is crucial and essential.
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Auditing
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