Business, 21.04.2020 21:54 jasondesatnick
An accountant was asked by a potential client to perform a compilation of its financial statements. The accountant is not familiar with the industry in which the client operates. In this situation, which of the following actions is the accountant most likely to take?
a.
Postpone accepting the engagement until the accountant has obtained an adequate level of knowledge about the industry.
b.
Request that management engage an independent industry expert to consult with the accountant.
c.
Decline the engagement.
d.
Accept the engagement and obtain an adequate level of knowledge about the industry.
Answers: 1
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