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as auditor and the start of field work made confirmation of accounts receivable by direct communication with the debtors ineffective. 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