During a review engagement,CPA discovers that the gross margin has increased by 20% over the last few years.To avoid potential liability due to possibly misstated financial statements,what should CPA do?
A) Correct the gross margin to be consistent with prior years.
B) Obtain additional information to correct or substantiate the figures.
C) No additional work is required for review engagements.
D) Downgrade the assignment to a compilation engagement.
Correct Answer:
Verified
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