Which of the Following Procedures Is Not Usually Performed by the Accountant

question 68

Multiple Choice

Which of the following procedures is not usually performed by the accountant during a review engagement of a nonpublic entity?

• A)Inquiry about actions taken at meetings of the board of directors that may affect the financial statements.
• B)Issuance of a report stating that the review was performed in accordance with standards established by the AICPA.
• C)Reading of the financial statements to determine if they conform with generally accepted accounting principles.
• D)Communication of any material weaknesses discovered during the consideration of internal control.

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Definitions:

Behavioral Risk Factors

Characteristics or behaviors that increase the likelihood of developing a disease or injury.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, leading to conditions like heart attacks or strokes.

Lifestyle Changes

Modifications to daily habits and routines, such as diet and exercise, aimed at improving overall health.

Industrialized Nations

Countries that have undergone industrialization, exhibiting significant technological advancement, economic development, and a higher standard of living.