When the Accountant Has Performed a Review and Has Determined

question 120

Multiple Choice

When the accountant has performed a review and has determined that no material changes to the financial statements are needed, the first paragraph of the review report

• A) expresses positive assurance about the financial statements.
• B) notes the accountant's responsibility to conduct the review.
• C) identifies the entity and the period of financial statements subject to the review.
• D) specifies that management is responsible for the financial statements.

---

Definitions:

Achievement-oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and demonstrating confidence in followers' abilities.

Directive Leadership

A leadership style where the leader takes a highly structured and authoritative role, making decisions unilaterally and expecting followers to comply.

Supportive Leadership

Leadership style focused on building trust and motivation among team members by showing concern for their needs and well-being.

Participative Leadership

A leadership style where decision-making is decentralized and employees at all levels are encouraged to contribute ideas and opinions.