Kaplan University Services Compilation of Financial Statements Paper
Question Description
Provide an original and substantive response to the questions posedin your Assignment in a minimum of 200 words.
After reading and discussing how important it is for auditors togather evidence to back up client claims, you are now introduced toaccounting services where it is unnecessary to verify management’sinformation.
In providing these compilations, how comfortable would you be inpreparing financial statements based on data that you are not going toverify?
What concerns would you have signing off on these compilations as a CPA?
Because you are not performing audit services on the compilations, how do you know if information you are given is true?
What types of questions could you ask your client that would fallwithin the realm of compilations without crossing the line intoauditing?
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