may an accountant accept an engagement to compile or review the financial statements 602287
May an accountant accept an engagement to compile or review the financial statements of a not-for-profit entity if the accountant is unfamiliar with the specialized industry accounting principles, but plans to obtain the required level of knowledge before compiling or reviewing the financial statements?
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|
Compilation |
Review |
|
|
a. |
No |
No |
|
b. |
Yes |
No |
|
c. |
No |
Yes |
|
d. |
Yes |
Yes |