Which of the following would not be included in a CPA's report based upon a review of the financial statements of a nonpublic entity? A)A statement that the review was in accordance with generally accepted auditing standards. B)A statement that all information included in the financial statements are the representations of management. C)A statement describing the nature of the procedures performed. D)A statement describing the auditor's conclusions based upon the results of the review.

Question

Quizplus · Accepted Answer

A CPA's report based upon a review of the financial statements of a nonpublic entity will state that the review was conducted in accordance with generally accepted review standards, not auditing standards. The review report will also include statements indicating that the financial statements are the representations of management, a description of the nature and extent of the review procedures, and the CPA's conclusion based on the review results.

Which of the Following Would not be Included in a CPA's