The following items represent a series of unrelated procedures that an accountant may consider performing in a separate engagement to audit the financial statements of a nonpublic company, to review the financial statements of a nonpublic company, or to compile the financial statements of a nonpublic company. Select whether the procedure is REQUIRED (R) or NOT REQUIRED N) for an audit, review, or compilation (i.e., place an "R" or "N" in each box). Audit Review Compilation The accountant must obtain a management representation 2. 3. 4. letter from the entity The accountant must perform tests of controls. The accountant must perform analytical procedures designed to identify relationships that a The acc for the engagement. The accountant must obtain an understanding of the entity's internal control. ppear to be unusual. ountant must be independent in fact and appearance 5