Which of the following activity is not part of the compilation of prospective financial statements?
a. Assembling prospective financial statements based on the responsible party's assumptions.
b. Performing compilation procedures, including reading the prospective financial statements, along with their assumptions and accounting policies, and considering whether they appear to be presented in conformity with AICPA presentation guidelines and that they are not obviously inappropriate.
c. Issuing a compilation report.
d. Providing assurance on the prospective financial statements.
d
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Which of the following statements refer to the currency criteria when evaluating secondary data?
A) Data should be reliable and generalizable to the problem at hand. B) Syndicated firms periodically update census data. C) The objective will determine the relevance of the data. Reconfigure the data to increase their usefulness, if possible. D) Assess accuracy by comparing data from different sources.
Strikes are illegal in the private sector
Indicate whether the statement is true or false