Even in a review engagement,the accountant cannot merely accept client-supplied information that appears to be false or misleading.

Question

Quizplus · Accepted Answer

Even in a review engagement, the accountant has a responsibility to identify and assess the risks of material misstatements in the financial statements, and to perform procedures to obtain evidence that supports the information provided by the client. If the accountant becomes aware of information that is false or misleading, they must address it appropriately and may need to perform additional procedures or make inquiries to obtain accurate information. The accountant cannot merely accept client-supplied information without doing their due diligence to ensure its accuracy and completeness.

Even in a Review Engagement,the Accountant Cannot Merely Accept Client-Supplied