During a Review of Financial Statements of a Nonpublic Entity

question 3

Multiple Choice

During a review of financial statements of a nonpublic entity, the CPA would be least likely to:

• A)perform analytical procedures designed to identify relationships that appear to be unusual.
• B)obtain written confirmation from banks regarding loans to the entity.
• C)obtain reports from other accountants who reviewed a portion of the total entity.
• D)read the financial statements and consider their conformance with generally accepted accounting principles.

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Definitions:

States

Political or geographic entities that constitute the primary organizational units of a country or area.

Emotionally

Pertaining to or relating to emotions, the complex psychological states that arise spontaneously rather than through conscious effort.

Parent in Pain

A caregiver experiencing physical or emotional distress, impacting their well-being and potentially their ability to care for their child.

Physically

Relating to the body or material aspects of something, often contrasted with mental or spiritual elements.