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The Accountant Is Not Ordinarily Required t2
The Accountant Is Not Ordinarily Required t2
● Make any inquiries of management to assess the reliability and completeness of the
information provided;
from the engagement, informing the entity of the reasons for the withdrawal.
7. The accountant should read the compiled information and consider whether it appears to
for the appropriate presentation of the financial information and of its approval of the
financial information.
9. The financial information compiled by the accountant should contain a reference such as
each page of the financial information or on the front of the complete set of financial
statements.
On the basis of information provided by the management we have compiled, in accordance with the
Philippine
Standard on Related Services applicable to compilation engagements, the balance sheet of XXX
Company as of
December 31, 19XX and statements of income, changes in equity and cash flows for the year then
ended.
Management is responsible for these financial statements. We have not audited or reviewed these
financial
assumptions about events that may occur in the future and possible actions by an entity. It
can be in the form of a forecast, a projection, or a combination of both, for example, a one
assumptions as to future events which management expects to take place and the actions
assumptions).
55● Hypothetical assumptions about future events and management actions which are not
necessarily expected to take place, such as when some entities are in a start-up phase or are