The review of a company's financial statements by a CPA firm:   a. Is substantially less in scope of procedures than an audit. b. Requires detailed analysis of the major accounts c. Is of similar scope as an audit and adds similar credibility to the statements d. Culminates in issuance of a report expressing the CPA's opinion as to the fairness of the statements

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
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The review of a company's financial statements by a CPA firm:
 
a. Is substantially less in scope of procedures than an audit.
b. Requires detailed analysis of the major accounts
c. Is of similar scope as an audit and adds similar credibility to the statements
d. Culminates in issuance of a report expressing the CPA's opinion as to the fairness of the statements
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