Harris, CPA, has been asked to audit and report on the balance sheet of Fox Co., but not on the statements of income, retained earnings, or cash flows. This audit will not be performed in conjunction with an audit of the complete set of financial statements. Under these circumstances, Harris may:
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a. | Accept the engagement but should disclaim an opinion because the complete set of financial statements was not audited. | |
b. | Not accept the engagement because it would be tantamount to rendering a piecemeal opinion. | |
c. | Not accept the engagement because it would constitute a violation of the profession's ethical standards. | |
d. | Accept the engagement because such engagements merely involve special considerations in the application of U.S. GAAS. |
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