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20. Which of the following represents a major difference between a compilation engagement and a
preparation engagement? a. Accountants are required to be independent in a compilation
engagement, but not a preparation engagement. b. Accountants are required to perform
substantive procedures in a compilation engagement, but not a preparation engagement. c.
Accountants are required to prepare a report in a compilation engagement, but not a preparation
engagement. d. Accountants express limited assurance in a

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20 Which of the following represents a major difference bet.pdf

  • 1. 20. Which of the following represents a major difference between a compilation engagement and a preparation engagement? a. Accountants are required to be independent in a compilation engagement, but not a preparation engagement. b. Accountants are required to perform substantive procedures in a compilation engagement, but not a preparation engagement. c. Accountants are required to prepare a report in a compilation engagement, but not a preparation engagement. d. Accountants express limited assurance in a