The Objective of a Review of Interim Financial Information of a Public

question 231

Multiple Choice

The objective of a review of interim financial information of a public entity is to provide the accountant with a basis for:

• A) Determining whether the prospective financial information is based on reasonable assumptions.
• B) Expressing a limited opinion that the financial information is presented in conformity with generally accepted accounting principles.
• C) Deciding whether to perform substantive audit procedures prior to the balance sheet date.
• D) Reporting whether material modifications should be made for such information to conform with generally accepted accounting principles.

---

Definitions:

Email Overload

The state of receiving more emails than can be reasonably read or responded to.

Sales Message

Communication designed to persuade potential customers to purchase a product or service.

Application Message

A message sent during the application process, typically covering interest in a position or responding to a job opening.

Central Selling Feature

The most appealing or distinctive attribute of a product or service that is emphasized in marketing.