Enquiry of the entity's personnel and analytical procedures are the primary bases for the issuance of a(n):
A)auditor's report on a financial report supplemented with price level information.
B)compilation report on a financial report for a non-public company in its first year of operations.
C)management advisory report prepared at the request of the client's audit committee.
D)half-yearly review report on a comparative financial report for a public company.

Question

Quizplus · Accepted Answer

The question is asking for the primary basis for the issuance of a report. Enquiry of the entity's personnel and analytical procedures are typically associated with review engagements, and the only option that mentions a review report is D, the half-yearly review report on a comparative financial report for a public company. The other options either mention compilation or management advisory reports, or do not specify the type of report.

Enquiry of the Entity's Personnel and Analytical Procedures Are the Primary