Why is a 100% audit not possible for some companies? A. Some companies are too large B. People are dishonest  C. Some companies have incomplete data D. None of these answer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Why is a 100% audit not possible for some companies?

A. Some companies are too large

B. People are dishonest 

C. Some companies have incomplete data

D. None of these answer

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What is one major difference between a compilation and a review?

A. CPA conducting a review must be independent 

B. Anyone in the company can complete a review 

C. Skills used in compilations do not transfer to other professions

D. A compilation is complete by a CPA

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