Which of the Following Statements Is Correct Regarding a Review

Multiple Choice

Which of the following statements is correct regarding a review engagement of a nonissuer's financial statements performed in accordance with the Statements on Standards for Accounting and Review Services (SSARS) ?

A) An accountant must establish an understanding with the client in an engagement letter.
B) An accountant must obtain an understanding of the client's internal control when performing a review.
C) A review provides an accountant with a basis for expressing limited assurance on the financial statements.
D) A review report contains an accountant's opinion of the financial statements taken as a whole.