Conformity with comprehensive basis of accounting

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Reference no: EM13855921

When an accountant is engaged to compile a non public entity's financial statements that omit substantially all disclosures required by GAAP, the accountant should indicate in the compilation report that the financial statements are:

a. Prepared in conformity with a comprehensive basis of accounting other than GAAP.

b. Not compiled in accordance with statements on standards for accounting and review services.

c. Special-purpose financial statements that is not comparable to those of prior periods.

d. Not designed for those who are uninformed about the omitted disclosures.

Reference no: EM13855921

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