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Why is it important for the review engagement report to state that the review is not an audit?

npeelman

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7 years ago

Why is it important for the review engagement report to state that the review is not an audit?

Why is it important for the review engagement report to state that the review is not an audit?
A) to make sure that the public accountant is not sued
B) to clarify that only review engagement procedures were used during the engagement
C) to make users aware that a review provides a lower level of assurance
D) so that the user does not ask any unnecessary questions about the engagement

Textbook

Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Edition: 12^th

Authors: Arens, Elder, Beasley, Splettstoesser

Read 108 times

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charleshardt

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npeelman Author

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7 years ago

Thanks

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