Which one of the following services is often performed on public companies' interim financial statements and nonpublic companies' annual financial statements?
A) examination
B) accounting
C) auditing
D) review
E) consulting

Question

Quizplus · Accepted Answer

A review is often performed on public companies' interim financial statements and nonpublic companies' annual financial statements. Unlike an audit, a review does not require the auditor to obtain an understanding of internal control or assess fraud risk, nor does it require the auditor to express an opinion on the financial statements.

Which One of the Following Services Is Often Performed on Public