
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The Accountant Should?

Transcribed Image Text:Before issuing a report on the compilation of
financial statements of a non-public entity,
the accountant should:
a. Apply analytical procedures to selected
financial data to discover any material
misstatements.
b. Corroborate at least a sample of the
assertions management has embodied in the
financial
statements.
c. Inquire of the client's personnel whether
the financial statements omit substantially all
disclosures.
d. Read the financial statements to consider
whether the financial statements are free
from obvious material errors.
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