(Preparation of Financial Statements, Compilations, and Reviews) You are a new staff accountant with the firm of Jones, Harris, and Lyle (JHL). JHL is a small local firm that is focused on tax returns, reviews, compilations, and preparation engagements. Prior to working with JHL you were a staff accountant with PWC and you worked exclusively on public company audits. The travel and major deadlines were too much for the lifestyle that you wanted, and you decided to move back home and take the position with JHL. You and the partners of JHL know that this is going to be a major transition, but you both believe it can work. Shortly after arriving at JHL you attended an in office CPE program. The focus of this CPE program was compilations, reviews, and preparation engagements. During the program the instructors made continuing references to preparation engagements and reviews of financials statements. Required 1. By reference to AR-C Section 70, AR-C Section 90, and AU-C Section 930, describe the differences, if any, between: (a) the preparation of financial statements as a service and the preparation of financial statements for which your firm has been also been engaged to audit; and (b) a review of financials statements and the review of interim financial information for an entity that was audited in the prior year and that is expected to be audited in the upcoming year