Multiple Choice
Why is it important for the review engagement report to state that the review is not an audit?
A) to make sure that the public accountant is not sued
B) to clarify that only review engagement procedures were used during the engagement
C) to make users aware that a review provides a lower level of assurance
D) so that the user does not ask any unnecessary questions about the engagement
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Define "attestation engagements."
Q8: As part of the conduct of a
Q9: The fact that a client has a
Q10: A review service engagement for an accountants'
Q11: The interim financial statements are usually<br>A)not audited
Q13: What is the title of a compilation
Q14: Describe the professional standards that must be
Q15: As part of the review engagement for
Q16: Define "assurance engagements."
Q17: What is an auditor's responsibility for supplementary