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| When an accountant is not independent of a client and is requested to perform a compilation of its financial statements, the accountant A. Is precluded from accepting the engagement. B. May accept the engagement and need not disclose the lack of independence. C. May accept the engagement and should disclose the lack of independence, and may disclose the reason for the lack of independence. D. May accept the engagement and must disclose both the lack of independence and the reason for the lack of independence. |
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