A review report issued by a public accounting firm on a public client's interim financial statements includes reference to adherence to the standards of the Public Company Accounting Oversight Board.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board sets the standards for audit reports on public company financial statements, so a review report on a public client's interim financial statements should reference adherence to those standards.

A Review Report Issued by a Public Accounting Firm on a Public