Which of the following is not a required procedure in an engagement to review the interim financial information of a publicly held entity?

Question

Quizplus · Accepted Answer

Choice "A" is correct. A review of interim financial information is not designed to provide information regarding an entity's ability to continue as a going concern. Even if such information comes to the accountant's attention, the accountant is not required to corroborate it. Choice "B" is incorrect. As part of a review, the accountant is required to compare disaggregated revenue data for the current interim period with that of comparable prior periods. Choice "C" is incorrect. As part of a review, the accountant is required to obtain evidence that the interim financial information reconciles with the accounting records. Choice "D" is incorrect. As part of a review, the accountant is required to inquire of management about their knowledge of fraud, suspected fraud, or allegations of fraud.

Which of the Following Is Not a Required Procedure in an Engagement