Which of the following procedures is more likely to be performed in a review engagement of a nonissuer than in a compilation engagement?

Question

Quizplus · Accepted Answer

Choice "C" is correct. Obtaining a representation letter from the CEO is more likely to be performed in a review engagement of a nonissuer (where obtaining the letter is required) than in a compilation engagement. Choice "A" is incorrect. Gaining an understanding of the entity's business transactions would be performed in both a compilation and a review engagement. Choice "B" is incorrect. Making a preliminary assessment of control risk would only be performed in an audit, not in a compilation or review. Choice "D" is incorrect. Assisting the entity in adjusting (compiling) the accounting records is more likely to be performed in a compilation engagement than in a review.

Which of the Following Procedures Is More Likely to Be