A CPA is licensed to prepare financial reports that carry three levels of assurance of fairness and reliability. What are these three levels?
  1. Fairness, Reliability, and Audit
  2. Computation, Creation, and Accuracy
  3. Creation, Restoration, Protection
  4. Compilation, Review, and Audit
Explanation
Answer: D- A CPA is licensed to prepare financial reports that carry three levels of assurance of fairness and reliability. The three levels are: Compilation, Review, and Audit.
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