Why is it important for the review engagement report to state that the review is not an audit?
A) to make sure that the public accountant is not sued
B) to clarify that only review engagement procedures were used during the engagement
C) to make users aware that a review provides a lower level of assurance
D) so that the user does not ask any unnecessary questions about the engagement
Correct Answer:
Verified
Q5: Which of the following components of an
Q6: When assessing the plausibility of the financial
Q7: A review engagement requires what amount of
Q8: The Locker Building is a new apartment
Q9: List the financial statement users and the
Q11: Before performing a review of an entity's
Q12: Four different engagements that the auditor can
Q13: A review engagement includes
A)obtaining an understanding of
Q14: Leon Levy,a partner at the audit firm
Q15: As part of the conduct of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents