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An Auditor Compiles the Financial Statements for a Nonprofit Firm

Question 26

Multiple Choice

An auditor compiles the financial statements for a nonprofit firm. Per GAAS, the auditor must:


A) issue an audit opinion on the financial statements.
B) issue a report as to the work performed on the financial statements.
C) require management sign a representation letter.
D) depending on the circumstances, the auditor may choose any of the above.

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