[CirocOnTheRock]

Do all the compilations need to be disclaimed? I got this question wrong and i was suprised

https://ibb.co/YfYf5Bd

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Make more money do less work

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[fsugirl2005]

Disclaimer is a term used with audits normally or some other attestation engagements. You would just say the compilation report needs to address that there is no assurance given or that there has been no audit performed.

You can go back and read what a compilation entails and review a sample compilation report. That would tell you all you need to know.

REG - 78
FAR - 79
AUD - 76
BEC - 75

I have been on this journey off and on for over 10 years. I think it's about time that I wrap this up.

AUD - 10/21/16 (75----07/2010 expired)
FAR - 10/28/16
BEC - 11/2016
REG - 01/2017

Using Gleim CPA Review, Ninja Audio, Ninja Book

[CirocOnTheRock]

Can you tell me why I got the question wrong?

AUD - NINJA in Training
BEC - NINJA in Training
FAR - NINJA in Training
REG - NINJA in Training

Make more money do less work

BEC

REG

AUD

[fsugirl2005]

D – In a compilation, no assurance is given. That means no positive or negative assurance.

C – You don't have to know what's going on within a company in order to read or understand their statements. You just need to have an understanding of financial matters in general.

A – Involves subsequent events which only come into play with an audit or review, not a compilation.

REG - 78
FAR - 79
AUD - 76
BEC - 75

I have been on this journey off and on for over 10 years. I think it's about time that I wrap this up.

AUD - 10/21/16 (75----07/2010 expired)
FAR - 10/28/16
BEC - 11/2016
REG - 01/2017

Using Gleim CPA Review, Ninja Audio, Ninja Book

[Author]

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