An accountant's review of unaudited financial statements would not include
A) Performing analytical procedures.
B) Confirming accounts receivable.
C) Inquiring about the accounting system and bookkeeping procedures.
D) Reading the financial statements for indications that they conform to GAAP.

Question

Quizplus · Accepted Answer

Confirming accounts receivable is a test usually performed during a financial statement audit, where the auditor seeks to verify the accuracy of the accounts receivable balance at the end of the reporting period. In an accountant's review, this test is not typically performed as it is beyond the scope of their review. Instead, they focus on performing analytical procedures, inquiring about the accounting system and bookkeeping procedures, and reading the financial statements to ensure they conform to GAAP.

An Accountant's Review of Unaudited Financial Statements Would Not Include