Financial Statements of a Nonissuer That Have Been Reviewed by an Accountant

question 947

Multiple Choice

Financial statements of a nonissuer that have been reviewed by an accountant should be accompanied by a report stating that:

• A) The scope of the inquiry and analytical procedures performed by the accountant has not been restricted.
• B) All information included in the financial statements is the representation of the management of the entity.
• C) A review includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
• D) A review is greater in scope than a compilation, the objective of which is to present financial statements that are free of material misstatements.