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bija089 [108]
3 years ago
12

While auditing the financial statements of a nonissuer, a CPA was requested to change the engagement to a review in accordance w

ith Statements on Standards for Accounting and Review Services (SSARS) because of a scope limitation. If the CPA believes the client's request is reasonable, the CPA's review report should:________
a) refer to the scope limitation that caused the change.
b) describe the auditing procedures that have already been applied.
Business
1 answer:
oee [108]3 years ago
8 0

Answer: Neither A not B

Explanation:

When an accountant compiles the financial statements of a nonissuer in accordance with Statements on Standards for Accounting and Review Services (SSARS), the accountant's report should include a statement: that the accountant does not express an opinion on the financial statements.

When an independent CPA assists in preparing the financial statements of a publicly held entity but has not audited or reviewed them, the CPA should issue a disclaimer of opinion. In such situations, the CPA has no responsibility to apply any procedures beyond Documenting that internal control is not being relied on.

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