Audits, Reviews, and Compilations, Oh My!
Carol Kone and Jennifer Johnston - Crowe-Chizek and Company LLC
June 5, 2008
Accountants’ liability cases can pose difficult questions regarding whether the certified public accountant (CPA) carried out his or her professional responsibilities appropriately. In ascertaining liability, attorneys need to know which type of engagement the CPA has performed and the respective professional standards the CPA must meet. Authors Carol Kone and Jennifer Johnston explain the differences among audit, review, and compilation engagements and the associated levels of assurance provided by the CPA.
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