When the accountant has performed a review and has determined that no material changes to the financial statements are needed, the first paragraph of the review report
A) expresses positive assurance about the financial statements.
B) notes the accountant's responsibility to conduct the review.
C) identifies the entity and the period of financial statements subject to the review.
D) specifies that management is responsible for the financial statements.

Question

Quizplus · Accepted Answer

The first paragraph of a review report typically identifies the entity and the period of the financial statements that were reviewed.

When the Accountant Has Performed a Review and Has Determined