Which of the following is an advantage of a review engagement as compared to an audit engagement?
A)For the review engagement,information risk is reduced more than for an audit.
B)For the review engagement,the documentation to be provided by the client is greater.
C)For the review engagement,the financial statements assessed will have more detail.
D)The review engagement requires considerably less work,so is less costly.

Question

Quizplus · Accepted Answer

The review engagement requires less work compared to an audit engagement, therefore it is less costly.

Which of the Following Is an Advantage of a Review