Question

In connection with a proposal to obtain a new client, an accountant in public practice is asked to prepare a written report on the application of the requirements of an applicable financial reporting framework to a specific transaction. The accountant's report should include a statement that:_______.
A) Any difference in the facts, circumstances, or assumptions presented may change the report.
B) The engagement was performed in accordance with Statements on Standards for Consulting Services.
C) The guidance provided is for management use only and may not be communicated to the prior or continuing auditors.
D) Nothing came to the accountant's attention that caused the accountant to believe that the financial reporting framework violated GAAP.

Answer 1

A) any difference in the facts, circumstances, or assumptions presented may change the report