An Accountant Is Asked to Issue a Review Report on the Balance

question 358

Multiple Choice

An accountant is asked to issue a review report on the balance sheet, but not on other related statements. The scope of the inquiry and analytical procedures has not been restricted, but the client failed to provide a representation letter. Which of the following should the accountant issue under these circumstances?

• A) Review report with a qualification.
• B) Review report with a disclaimer.
• C) Review report and footnote exceptions.
• D) Compilation report with the client's consent.

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Definitions:

Rows

A horizontal line of cells in tables, spreadsheets, or lists, where each cell in the row contains unique information related to a single record or item.

Columns

Vertical divisions in a table, spreadsheet, or document that organize information or data under specific categories.

Non-Breaking Hyphen

A special type of hyphen used to prevent an automated line break at its position within a text.

Hyphen

A punctuation mark (-) used to join words or to separate syllables of a single word.