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Answer: B,D
NEW QUESTION: 2
In reviewing the financial statements of a nonissuer, an accountant is required to modify the standard
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A. Option C
B. Option A
C. Option D
D. Option B
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. Modifications are made to the standard review report only when there is a departure
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review report. Note that assessing the risk of material misstatement due to fraud is a requirement of an
audit, not a review. Also, note that testing of internal control is not required in a review of financial
statements of a nonissuer.
Choices "A", "B", and "C" are incorrect, based on the above Explanation.
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