Financial statements of a nonpublic entity that have been reviewed by an accountant should be accompanied by
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Financial statements of a nonpublic entity that have been reviewed by an accountant should be accompanied by a report stating that
a. The scope of the inquiry and the analytical procedures performed by the accountant have not been restricted.
b. All information included in the financial statements is the representation of the management of the entity.
c. A review includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
d. A review is greater in scope than a compilation, the objective of which is to present financial statements that are free of material misstatements.
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Related Book For
Auditing And Assurance Services A Systematic Approach
ISBN: 9780073526904
6th Edition
Authors: William F. Messier
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