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Which of the following is correct regarding a compilation of financial statements engagement in accordance with Statement on Standards for Accounting and Review Services? A. If the accountant's independence is impaired, a qualified opinion must be issued. B. The accountant may not base the report on information obtained from prior engagements with the same client. C. The accountant is not required to make inquiries nor perform procedures to corroborate the information provided by the client. D. The accountant should perform analytical procedures to financial data. |
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