When third party use of prospective financial statements is expected,an accountant may not accept an engagement to
A) perform a review.
B) perform a compilation.
C) perform an examination.
D) apply agreed-upon procedures.

Question

Quizplus · Accepted Answer

A review engagement is not appropriate for prospective financial statements when third-party use is expected, as it does not provide sufficient assurance.

When Third Party Use of Prospective Financial Statements Is Expected,an