Which one of the following procedures is not a standard procedure when performing a review?
A) Assess the internal control over financial reporting.
B) Read the financial statements to determine whether they appear to conform to GAAP.
C) Obtain or prepare a trial balance of the general ledger and foot and reconcile it to the general ledger.
D) Trace the financial statement amounts to the trial balance.

Question

Quizplus · Accepted Answer

Assessing the internal control over financial reporting is typically part of an audit, not a review. A review is less extensive and primarily involves analytical procedures and inquiries.

Which One of the Following Procedures Is Not a Standard