Author Question: An accountant has accepted an engagement in which the audit procedures of inquiry and analytical ... (Read 49 times)

campbellfam07 · **on:** Aug 21, 2022

Question 1

All of the following are steps that should be performed in a review engagement except for
◦ understand the company's ownership structure.
◦ read the company's financial statements.
◦ perform analytical procedures.
◦ assess fraud risk.

Question 2

An accountant has accepted an engagement in which the audit procedures of inquiry and analytical procedures will be employed. These procedures will form the basis for issuance of
◦ a compilation report.
◦ an audit report on supplemental information issued by the client.
◦ a management advisory report requested by the audit committee.
◦ a review report on financial statements for a nonpublic company.

as4309 · **Reply #1 on:** Aug 21, 2022

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