Items a through j present various phrases or characteristics that may apply to audits, reviews, and compilations. On your answer sheet place an X in the cell if the phrase or characteristic applies to the listed service:

Part	Phrase or characteristic	Audit	Revie	Compilation
A	Independence is required
B	Report provides reasonable assurance
C	Report provides reasonable assurance
D	Consists primarily of inquiries and analytical procedures.
E	Only performed on financial statements of nonpublic companies.
F	Report states that the financial statements are the responsibility (or representation) of the company’s management.
G	Report provides no explicit assurance
H	Requires performance of analytical procedures.
I	Report states that financial statements were prepared on a basis consistent with the preceding year.
J	Requires a report modification for substantial doubt about going concern status.