Which of the following does not result in a modification of a compilation report? A)A lack of independence on the part of the auditors. B)A departure from generally accepted accounting principles. C)A lack of adequate disclosure in the financial statements. D)A lack of consistent application of generally accepted accounting principles.

Question

Quizplus · Accepted Answer

A lack of consistent application of generally accepted accounting principles does not result in a modification of a compilation report because compilation reports do not provide assurance on the financial statements, and consistency is not required to be reported in compilations.

Which of the Following Does Not Result in a Modification