Auditing and Attestation Paper 29

1

A compilation report is not required when compiled financial statements are expected to be used by






2

If requested to perform a review engagement for a nonissuer in which an accountant has an immaterial direct financial interest, the accountant is






3

Moore, CPA, has been asked to issue a review report on the balance sheet of Dover Co., a nonissuer. Moore will not be reporting on Dover’s statements of income, retained earnings, and cash flows. Moore may issue the review report provided the






4

Baker, CPA, was engaged to review the financial statements of Hall Co., a nonissuer. During the engagement Baker uncovered a complex scheme involving client illegal acts that materially affect Hall’s financial statements. If Baker believes that modification of the standard review report is not adequate to indicate the deficiencies in the financial statements, Baker should






5

Which of the following is not generally considered a procedure followed by an accountant in obtaining a reasonable basis for the expression of limited assurance for a review of financial statements?






6

Which of the following procedures would an accountant least likely perform during an engagement to review the financial statements of a nonissuer?






7

Which of the following procedures should an accountant perform during an engagement to review the financial statements of a non issuer?






8

Which of the following inquiry or analytical procedures ordinarily is performed in an engagement to review a nonissuer’s financial statements?






9

Which of the following procedures would most likely be included in a review engagement of a nonissuer?






10

When performing an engagement to review a nonissuer’s financial statements, an accountant most likely would






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