Which of the following procedures is more likely to be performed in a review engagement of a nonpublic entity than in a compilation engagement?
A) Gaining an understanding of the entity's business transactions.
B) Making a preliminary assessment of control risk.
C) Obtaining a representation letter from the chief executive officer.
D) Assisting the entity in adjusting the accounting records.

Question

Quizplus · Accepted Answer

In a review engagement, obtaining a representation letter from management is a standard procedure to confirm certain representations made during the review. This is not typically done in a compilation engagement.

Which of the Following Procedures Is More Likely to Be