XYZ Ltd Has Prepared Financial Statements That Are Not in Accordance

Multiple Choice

XYZ Ltd. has prepared financial statements that are not in accordance with GAAP. The review report should ________.

A) ensure that the nature of the departure is described in the notes
B) contain a reservation describing the nature of the departure from GAAP
C) be a standard review report, since a review is not an audit
D) indicate the dollar effect of restatement for each account affected