When making a review of interim financial information, the auditor's work consists primarily of:
A) confirming and verifying account balances at the interim date.
B) making inquiries and performing analytical procedures concerning significant accounting matters.
C) studying and evaluating limited amounts of documentation supporting the interim financial information.
D) scanning and reviewing client-prepared, internal financial statements.

Question

Quizplus · Accepted Answer

When reviewing interim financial information, the auditor primarily makes inquiries and performs analytical procedures concerning significant accounting matters. The auditor does not need to confirm and verify account balances at the interim date, study and evaluate limited amounts of documentation supporting the interim financial information, or scan and review client-prepared, internal financial statements.

When Making a Review of Interim Financial Information, the Auditor's