A review of historical financial statements as compared to an audit of historical financial statements ________.
A)is more extensive in terms of the work product required
B)is typically less expensive
C)provides greater assurance
D)provides an opinion

Question

Quizplus · Accepted Answer

A review of historical financial statements is typically less expensive than an audit because it involves less detailed examination and provides a lower level of assurance.

A Review of Historical Financial Statements as Compared to an Audit