Scenario: Mike Jones, CPA, performs a variety of engagements in accordance with Statements on Standards...
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Accounting
Scenario: Mike Jones, CPA, performs a variety of engagements in accordance with Statements onStandards for Accounting and Review Services during the year. The following is a procedure that Jones might consider performing during a review of the financial statements of a non-issuer or a compilation of the financial statements of a non-issuer.
The procedure is as follows:
Jones should make an assessment of control risk.
For which of the following services would Jones be required to perform this procedure?
A.
Required for both a review and a compilation
B.
Required for a compilation only
C.
Not required for either a review or a compilation
D.
Required for a review only.
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