Question: answer Required Information Differences In a CPA's Responsiblitles Read the overview below and complete the activities that follow. Public companies are required to have annual

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Required Information Differences In a CPA's Responsiblitles Read the overview below and complete the activities that follow. Public companies are required to have annual audits and interim reviews of their first three quarters. Nonpublic companies that have their annual financial statements audited also may choose to have interim reviews. Nonpublic companies not required to have an audit may instead choose to have a review of their financial statements. CONCEPT REVIEW: Interim reviews under standards of the PCAOB and the Auditing Standards Board are both very similar to reviews performed under the SSARS. 1. Public companies are required to have audits and interim reviews. 2. Nonpublic companies choose to have interim reviews. 3. SSARS reviews are performed on clients that an annual audit. 4. Public company guidance comes from the 5. Nonpublic companies that are audited may also want interim reviews. Auditors must then follow the

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