When understanding the differences between review and audit services, which of the following relates to a review rather than an audit? Select all that apply.

Group of answer choices

1. It is a less expensive service that can be very useful for smaller private companies.
2. The practitioner obtains reasonable assurance about whether the financial statements as a whole are free of material misstatement.
3. The practitioner does not provide an opinion on whether the financial statements are presented fairly.
4. The practitioner expresses limited assurance that no material modifications need to be made to the financial statements.