An Accountant's Standard Report on a Review of the Financial

question 208

Multiple Choice

An accountant's standard report on a review of the financial statements of a nonissuer should state that the accountant:

• A) Does not express an opinion or any form of limited assurance on the financial statements.
• B) Is not aware of any material modifications that should be made to the financial statements for them to conform with GAAP.
• C) Obtained reasonable assurance about whether the financial statements are free of material misstatement.
• D) Examined evidence, on a test basis, supporting the amounts and disclosures in the financial statements.

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Definitions:

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