An accountant agreed to perform a compilation of a company's financial statements under statements of standards for accounting and review services (ssars). during fieldwork, the accountant decided to perform some analytical procedures. which of the following would the accountant do related to the compilation engagement? a. issue a review report because review procedures were performed. b. issue an audit report because audit procedures were performed. c. withdraw from the engagement because review procedures were performed on a compilation engagement. d. issue a compilation report even though review procedures were performed on the engagement.

The following would the accountant do related to the compilation engagement: Issue a compilation report even though review procedures were performed on the engagement.

Under Statements of Standards for Accounting and Review Services (SSARS), the accountant decided to perform some analytical procedures.

Therefore, the correct option is (d)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know