When an accountant is asked to compile financial statements that omit substantially all of the required disclosures,the CPA may
A)not accept the engagement.
B)accept the engagement.
C)accept the engagement if the CPA believes the omission is not undertaken to mislead users.
D)express an adverse opinion.

Question

Quizplus · Accepted Answer

The CPA may accept the engagement if they believe the omission of disclosures is not intended to mislead users, as long as the omission is disclosed in the compilation report.

When an Accountant Is Asked to Compile Financial Statements That