Which one of the following statements is false regarding a review?
A) A review involves assessing fraud risk.
B) A review does not involve obtaining an understanding of the entity's internal control.
C) A review does not involve testing accounting records by obtaining sufficient appropriate evidence through inspection, observation, confirmation, or examining source documents.
D) A review does not involve a practitioner obtaining assurance that he or she will become aware of all significant matters that would be investigated in an audit.

Question

Quizplus · Accepted Answer

A review does not involve assessing fraud risk, as it is less extensive than an audit and primarily focuses on analytical procedures and inquiries.

Which One of the Following Statements Is False Regarding a Review