This paper circulates around the core theme of 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 together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
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.