However , Green applied other procedures and was satisfied as to the reasonableness of the account balances . Green ' s auditor ' s report most likely contained a ( an ) Question 6 When engaged to audit a not-for-profit organization in accordance with Government Auditing Standards , an auditor is required to prepare a written report on compliance with laws and regulations that includes Question 7 ( NOTE : This is a CPAexcel simulated Exam Question , not AICPA licensed Material ) The effects of financial leverage result when a firm finances assets using : Question 8 Which of the following statements is correct concerning both an engagement to compile and an engagement to review a nonpublic entity ' s financial statements ? Question 9 Which of the following representations does an accountant make implicitly when issuing the standard report for the compilation of a nonpublic entity ' s financial statements ? Question 10 Which of the following statements is correct regarding a review engagement of a nonpublic company ' s financial statements performed in accordance with the Statements on Standards for Accounting and Review Services ( SSARs )? Question 11 In which of the following situations would an auditor ordinarily choose between expressing an " except for " qualified opinion or an adverse opinion ? Question 12 When engaged to compile the financial statements of a nonpublic entity , an accountant is required to possess a level of knowledge of the entity ' s accounting principles and practices . This requirement most likely will include obtaining a general understanding of the Question 13