Review of the financial statements of a nonissuer


When an accountant performs a review of the financial statements of a nonissuer, (s)he:

A) Need not issue a report unless (s)he considers the statements misleading.

B) Is primarily concerned with the entity's internal controls, especially its accounting system.

C) Seeks to establish a reasonable basis for providing limited assurances about the statements.

D) Must perform tests of the details of transactions and balances.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Review of the financial statements of a nonissuer
Reference No:- TGS044189

Expected delivery within 24 Hours