When performing a review of interim information for a public company, the accountant ordinarily does not perform tests of the accounting records, independent confirmations, or physical examinations.

Question

Quizplus · Accepted Answer

Interim information only covers a portion of the financial period, so the accountant does not perform extensive testing procedures like those conducted during an annual audit. However, some limited procedures may be performed depending on the materiality and risk associated with the information being presented.

When Performing a Review of Interim Information for a Public