This question is related to other public accounting services and reports. For each statement, description, or phrase (1-5), indicate the related type of engagement or report (A-F).
A. Reviews of unaudited financial statements of a nonissuer
B. Compilations of financial statements
C. Reviews of unaudited interim financial statements of a public company
D. Reports on financial statements prepared according to a special purpose framework.
E. Reports on compliance with contractual agreements or regulatory requirements.
F. Reports on elements, accounts, or items of a financial statement
____ 1. The information should conform to the accounting principles in ASC 270, “Interim Financial Reporting.”
____ 2. “In our opinion, the schedule of accounts receivable referred to above presents fairly, in all material respects.”
____ 3. They are limited to presenting in the form of financial statements information that is the representation of management.
____ 4. As described in Note 2, these financial statements were prepared on the cash receipts and disbursements basis of accounting.
____ 5. They present a reasonable basis for expressing limited assurance that no material modifications should be made to the statements.
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