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Vinil7 [7]
3 years ago
9

1. A company hires one of its board members, a CPA, to issue accounting reports for thecompany. Assuming any required disclosure

s are made, which of the following reports may theCPA issue without violating independence rules.B. ReviewsC. AuditsD. Agreed»upon procedures
Business
1 answer:
Stella [2.4K]3 years ago
4 0

Answer:

Compilations.

Explanation:

A compilation is part of the write-up service of accounting firms that involves conversion of data into financial statements without providing assurances or auditing services.

A compilation report usually accompanied the financial statements to show that data is well represented, and also to show that there has been no audit so the accountant is not giving an opinion.

So the CPA will not be violating independent rules by working on compilations.

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Under Statements of Standards for Accounting and Review Services (SSARS), the accountant decided to perform some analytical procedures.

<u><em>Therefore, the correct option is (d)</em></u>

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Suppose a professional basketball game is to be played at a suburban arena, which increases demand for parking on the night of t
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4 years ago
Locus Company has total fixed costs of $112,000. Its product sells for $35 per unit and variable costs amount to $25 per unit. N
krek1111 [17]

Answer:

D.12,320.

Explanation:

The computation of the number of units to be sold for attaining the target income level is given below:

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