The procedures used in a review engagement are
A)physical examination,reperformance,and obtaining a management representation letter.
B)analytical procedures,reperformance,and obtaining a management representation letter.
C)analytical procedures,inquiry,and obtaining a management representation letter.
D)physical examination,inquiry,and obtaining a management representation letter.

Question

Quizplus · Accepted Answer

Review engagements involve the application of analytical procedures and inquiry as the main procedures to provide limited assurance on financial statements. Obtaining a management representation letter is also a required procedure in a review engagement. Physical examination and reperformance are not commonly used in review engagements as they are more applicable in audit engagements where a higher level of assurance is required.

The Procedures Used in a Review Engagement Are