A review report issued by a public accounting firm on a public client's interim financial statements includes reference to adherence to standards of the Public Company Accounting Oversight Board.

Question

Quizplus · Accepted Answer

The Public Company Accounting Oversight Board (PCAOB) sets auditing standards for public companies, and public accounting firms are required to comply with these standards during their audits of public companies' financial statements. Therefore, a review report on a public client's interim financial statements would likely involve adherence to PCAOB standards.

A Review Report Issued by a Public Accounting Firm on a Public