Which of the following procedures is ordinarily performed by an accountant in a compilation engagement of a privately held entity? (Points : 2) Making inquiries of management concerning actions taken at meetings of the stockholders and the board of direct

Which of the following procedures is ordinarily performed by an accountant in a compilation engagement of a privately held entity? (Points : 2) Making inquiries of management concerning actions taken at meetings of the stockholders and the board of direct

Which of the following procedures is ordinarily performed by an accountant in a compilation engagement of a privately held entity? (Points : 2)
Making inquiries of management concerning actions taken at meetings of the stockholders and the board of directors.
Reading the financial statements to consider whether they appear to be appropriate in form and free from obvious material errors.
Obtaining written representations from management indicating that the compiled financial statements will not be used to obtain credit.
Applying analytical procedures designed to corroborate management’s assertions that are embodied in the financial statement components.


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