In regard to a review of a of a nonpublic company's financial statements, the level of assurance provided by the accountant's report falls between an audit and a(n):

Question

Quizplus · Accepted Answer

A review provides a moderate level of assurance, which is higher than the assurance provided by a compilation (where no assurance is given on the accuracy of the financial statements) but lower than an audit (where a high level of assurance is provided).

In Regard to a Review of a of a Nonpublic