A Financial Statement Review Conducted in Compliance with Statements on Standards

question 38

Essay

A financial statement review conducted in compliance with Statements on Standards for Accounting and Review Services (SSARS) requires the accountant to obtain evidence to express negative assurance. One of these procedures is to "perform analytical procedures." List three other procedures the accountant must perform.

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Definitions:

Design Plans

Design plans are detailed drawings or documents that outline the specifications, materials, and layout of a project, such as an architectural structure or a product.

Visuals

Graphic elements such as charts, diagrams, photographs, and videos used to convey information or enhance a presentation.

Slides

Visual aids or presentations created to accompany a speech or lecture, often displayed using projection or computer software.

Brainstorming Session

A collaborative activity where team members generate ideas and solutions to problems through open and uninhibited discussion.