Question 10

In a review engagement, the auditor expresses an opinion on the basis of procedures which do not provide all the evidence that would be required in an audit. Which procedure would the auditor primarily use as the basis for a review engagement?

A. Management inquiries and analytical procedures applied to financial data

B. Management inquiries and obtaining external confirmation from third parties

C. Reperforming the procedures or controls that were originally performed by the entitys personnel, and evaluating the financial information through analysis

D. Inspecting and examing records or documents and observing a process or procedure being performed by the entitys personnel