Which of the following procedures would an accountant be most likely to perform during an engagement to review the financial statements of a nonissuer (nonpublic entity)? Analyze all contracts with a potentially material effect on the financial records, such as purchase contracts for large capital expenditures Obtain written representation from management indicating its evaluation of the effectiveness of the entity's internal controls. Obtain an understanding of the client's segregation of duties regarding the recording and reconciling of financial information. Compare the financial statement actual expenses to budgeted expenses