In a review engagement,which of the following is least likely to occur during the engagement?
A)enquiries with management and other personnel.
B)analytical procedures.
C)review of the internal controls of the entity.
D)substantive audit procedures.

Question

Quizplus · Accepted Answer

Substantive audit procedures are not typically performed in a review engagement. The purpose of a review engagement is to obtain limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in accordance with the applicable financial reporting framework. Therefore, only analytical procedures and enquiries with management and other personnel would typically occur in a review engagement. Review of the internal controls of the entity may be performed in certain circumstances, but it is not a requirement for all review engagements.

In a Review Engagement,which of the Following Is Least Likely