While Auditing the Financial Statements of a Nonissuer, a CPA

question 38

Multiple Choice

While auditing the financial statements of a nonissuer, a CPA was requested to change the engagement to a review in accordance with Statements on Standards for Accounting and Review Services (SSARS) because of a scope limitation. If the CPA believes the client's request is reasonable, the CPA's review report should:

• A) Refer to the scope limitation that caused the change. II. Describe the auditing procedures that have already been applied.
• B) I only.
• C) II only.
• D) Both I and II.
• E) Neither I nor II.

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Definitions:

Superior Vena Cava

A large vein carrying deoxygenated blood from the upper half of the body to the heart's right atrium.

Subclavian Vein

A large vein located under the collarbone that helps return blood from the arm to the heart.

Intravenous Catheter

A thin tube inserted into a vein, primarily for the administration of medications, fluids, or to obtain blood samples.

Central Venous System

The part of the circulatory system comprising the heart and the major veins that return blood to the heart, often referenced in the context of central venous catheter placement.