A review of financial statements requires more knowledge and evidence than
A)a compilation.
B)an audit.
C)an examination.
D)attestation.

Name: A review of financial statements requires more knowledge and evidence than A)a compilation. B)an audit. C)an examination. D)attestation.
Brand: Quizplus
Rating: 5.0 (36 reviews)

Question

Quizplus · Accepted Answer

A review of financial statements requires more knowledge and evidence than a compilation, as it involves limited assurance and analytical procedures, whereas a compilation involves presenting financial data without assurance.

A Review of Financial Statements Requires More Knowledge and Evidence