During a review of financial statements of a nonpublic entity, the CPA would be least likely to
A) Perform analytical procedures designed to identify relationships that appear to be unusual.
B) Obtain written confirmation from banks regarding loans to the entity.
C) Obtain reports from other accountants who reviewed a portion of the total entity.
D) Read the financial statements and consider their conformance with generally accepted accounting principles.

Question

Quizplus · Accepted Answer

Obtaining written confirmation from banks regarding loans is more typical of an audit rather than a review, which is less in scope and does not require such confirmations.

During a Review of Financial Statements of a Nonpublic Entity