The last paragraph of the accountant's review report

Question

Quizplus · Accepted Answer

The last paragraph of the accountant's review report typically contains negative assurance, which expresses limited assurance on the financial statements. This paragraph states that the accountant did not identify any material modifications that need to be made to the financial statements, but it also clarifies that the review is not an audit and therefore does not provide absolute assurance. This is an example of limited assurance, which is different from an audit's high level of assurance. So, the correct answer is C. Options A, B, and D are not typically included in the last paragraph of the accountant's review report.

The Last Paragraph of the Accountant's Review Report