A CPA is concerned about a relationship with unaudited financial statements of an issuer because
A. Users may be misled regarding the degree of responsibility the CPA is accepting.
B. A fee cannot be charged unless the CPA is associated with financial statements.
C. Association is necessary for compliance with the requirement of due professional care.
D. An audit must be performed if the CPA is in
any way related to the financial statements
Ans: A. Users may be misled regarding the degree of responsibility the CPA is accepting.
You might also like to view...
Coca-Cola's contour bottle version helps consumers seek out the "real thing" is intended to differentiate Coke from other soft drinks
Indicate whether the statement is true or false
The availability of the product processed, prepared, in proper condition, and/or ready to use is referred to as:
A) place utility. B) price utility. C) information utility. D) form utility. E) product utility.