The Report of a CPA on a Review of the Financial

question 29

Multiple Choice

The report of a CPA on a review of the financial statements of a nonpublic entity should not include a statement that:

• A)management is responsible for the preparation and fair presentation of the financials in accordance with GAAP.
• B)the review was performed in accordance with generally accepted auditing standards.
• C)the CPA is not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles.
• D)a review consists principally of inquiries of company personnel and analytical procedures applied to financial data.

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Definitions:

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