Complete the Key Words,names,and Phrases in the Following Accountant's Report

question 90

Essay

Complete the key words,names,and phrases in the following accountant's report on a review of financial statements (balance sheet and statements of income,comprehensive income,retained earnings,and cash flows)of a nonissuer.
We have ___________ the accompanying _____________ of Dandy Company as of December 31,2012 and 2011,and the _____________________________________ ___________________________.A review includes primarily applying ________ _____________ to management's ______________ and making ________________ __________.A review is substantially ____________________ than an audit,the objective of which is the ___________________ regarding the financial statements ___________________.Accordingly,we _____________________________.
_______________ is responsible for the ____________________________ of the financial statements ______________________________________________ and for designing,implementing,and __________________________ relevant to the preparation and fair presentation of the financial statements.
Our responsibility is to ___________________ in accordance with ____________ _____________________________________ issued by the American Institute of Certified Public Accountants.Those standards _________________________ to obtain _______________ that there are _____________________ that should be made to the financial statements.We believe that the ___________________ provide a ___________________ for our report.
Based on our review,we are ________ of any ________________ that should be made to the accompanying financial statements in order for them to be in ____________ ________________________________.

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Definitions:

Perfect Information

A situation in decision-making where all participants have access to all relevant facts and data.

Expected Profit

The forecasted gain or loss from a business activity, considering possible outcomes and their probabilities.

Certainty

The state or quality of being absolutely sure or confident about something, without any doubt.

Perfect Information

A market condition in which all participants are fully informed about the product, prices, and other relevant factors.