10. which of the following should be the first step in reviewing he financial statements of a nonissuer?

A. comparing the financial statements with statements for comarable rior periods and wth anticipated rresults.

B. completing a series of inquiries concerning the entity's procedures for recording, classifying, and summarizing.

C. obtaining a general understanding of the entity's organization, its operating charateristics, and its products or services.

D. applying analytical procedures designed to identify relationships and individual items that appear to be unusual.

12. Which of the following procedures should an accountant perfrm dduring an engagement to review the financial statements of a nonissuer?

A. communicating control deficiencies discovered during the assessment of control risk.

B.. obtaining a client representation letter from members of management

C. sending bank confirmation letters to the entity's financial institutions

D. examining cash disbursements in the subsequent period for un recorded liabilities.