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Hannah, CPA, has been engaged to compile the financial statements of Skippity Industries, a nonpublic company, for the Year 4. Hannah reviewed Skippity's Year 3 financial statements . Skippity has decided to present comparative financial statements including both the Year 3 and Year 4 financials . Which of the following are acceptable reporting options for Hannah?I . Issue a compilation report with an extra paragraph describing the responsibility assumed for the prior period statements and including a statement that no review procedures were performed after the date of the review report .II . Issue two separate reports, a compilation report for the current year and a review report for the prior year.III . Issue a combined report, including both full reports and a statement that no review procedures were performed after the date of the review report .


A、
All of the options are acceptable .
B、
Only options I and III are acceptable .
C、
None of the options are acceptable . The accountant should not report on the
comparative financial statements at all, because reviewed financial statements are not comparable to compiled financial statements .
D、
Only option II is acceptable .

发布时间:2025-07-19 20:38:20
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