An annual shareholders' report includes audited financial statements and contains supplementary information required by GAAP. Is it permissible for the auditor to report on such information?
When compiling a nonissuer's financial statements, an accountant would be least likely to:
Management of Hill Company has decided not to account for a material transaction in accordance with the provisions of an FASB Standard. In setting forth its reasons in a note to the financial statements, management has clearly demonstrated that due to unusual circumstances the financial statements presented in accordance with the FASB Standard would be misleading. The auditor's report should include a separate explanatory paragraph and contain a(an):
An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided the:
Which of the following statements concerning prospective financial statements is correct?
Each page of a nonissuer's financial statements reviewed by an accountant should include the following reference:
