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Kenno Power Systems is an electronics retailer that operates out of an outlet mall in Richmond, BC. As required by the landlord, Kenno Power Systems

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Kenno Power Systems is an electronics retailer that operates out of an outlet mall in Richmond, BC. As required by the landlord, Kenno Power Systems has hired Sandi Mey, CPA, to provide an auditor's report to the landlord indicating whether Kenno Power Systems has met the requirements of its lease agreement in terms of reporting the store's sales information. Which of the following are true for Kenno Power Systems? (Choose any and all correct answers) Remoteness is why the landlord may be requesting a report on the store sales information. This is not a financial statement audit, and only financial statements can be audited. The auditor would express negative assurance in her auditor's report. The landlord would like to enhance the reliability of the sales figures reported. The auditor could issue a Notice to Reader and meet the landlord's objectives. No assurance can be provided because the requirements of an assurance engagement are not met. Which of the following are true for Kenno Power Systems? (Choose any and all correct answers) Remoteness is why the landlord may be requesting a report on the store sales information. This is not a financial statement audit, and only financial statements can be audited. The auditor would express negative assurance in her auditor's report. The landlord would like to enhance the reliability of the sales figures reported. The auditor could issue a Notice to Reader and meet the landlord's objectives. No assurance can be provided because the requirements of an assurance engagement are not met. An auditor could not perform this engagement as they would not have the expertise. Sandi Mey does not need to be independent of Kenno Power Systems since the report will not be issued to shareholders. This is an example of a compilation engagement

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