Performing inquiry,analytical procedures,and discussion with the limited objective of assessing whether the information being reported on is plausible within the framework of appropriate criteria is the definition of a(n)

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The description given is that of a review engagement. In a review, the auditor performs inquiry, analytical procedures, and discussions for the limited objective of assessing whether the financial statements being reported on are plausible within the framework of appropriate criteria. A compilation is the preparation of financial statements without assurance, while an audit involves obtaining reasonable assurance about whether the financial statements are free from material misstatement. The term "examination" is not commonly used in the context of financial statement audits or reviews.

Performing Inquiry,analytical Procedures,and Discussion with the Limited Objective of Assessing