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Beautiful Shoes Inc. is a high-end women's shoe store. It has recently expanded its operations and signed a long-term lease in a popular shopping centre.
Beautiful Shoes Inc. is a high-end women's shoe store. It has recently expanded its operations and signed a long-term lease in a popular shopping centre. The owner, Beverly Hung, is concerned because the lease agreement requires that she submit to the landlord a percentage of her gross sales at the end of the calendar year. The lease indicates she must also provide a report on the gross sales. The landlord would like some assurance over the report.
Which of the following reports would meet the landlord's requirements?
- An audit of historical financial statements
- A review engagement on interim financial statements
- An audit of single financial statements and specific elements, accounts, or items of a financial statement
- A report on specified procedures
- A report on the application of accounting principles
- A Notice to Reader
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