A review is a step up in the level of service from a compilation engagement, since some form of assurance on the financial statements will be expressed. Review procedures generally are limited to inquiries of company personnel and analytical procedures applied to financial data. These provide the accountant with a reasonable basis for expressing limited assurance that no material modifications need be made to the financial statements in order for them to be in conformity with generally accepted accounting principles [...]
Archive for Category: "Compilation and Review Of Financial Statement Standard"
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