You have been engaged by the management of Pippin, Inc., a nonpublic company, to review the company's financial statements for the year ended December 31, 20XX. To prepare for the engagement, you consult the Statements on Standards for Accounting and Review Services.
a. Discuss the procedures required for the performance of a review of financial statements.
b. Explain the content of the report on a review of financial statements.
c. Discuss your responsibilities if you find that the financial statements contain a material departure from generally accepted accounting principles.