An accountant's standard report on a review of the financial statements of a nonpublic entity should state

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An accountant's standard report on a review of the financial statements of a nonpublic entity should state that the accountant

a. Does not express an opinion or any form of limited assurance on the financial statements.

b. Is not aware of any material modifications that should be made to the financial statements for them to conform with GAAP.

c. Obtained reasonable assurance about whether the financial statements are free of material misstatement.

d. Examined evidence, on a test basis, supporting the amounts and disclosures in the financial statements.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 09:03 AM

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An accountant's standard report on a review of the financial statements of a nonpublic entity should state

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The correct answer is a Does not express an opinion or any form of limited ...View the full answer

Auditing An Assertions Approach

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