Review Report Modifications Read the overview below and complete the activiies t

Question

Review Report Modifications Read the overview below and complete the activiies that follow A review engagement involves performing limited procedures like analytical procedures and inquiries. The goal is to gather enough evidence to drive attestation risk to a moderate level CONCEPT REVIEW: When an accountant is performing a review and notices an uncorrected material departure from the criteria, the traditional review report must be modified 2. 1 Limited assurance is also called ass 2. If a material departure is not 2 In a review practitioners gather sufficient evidence to drive risk to a(n) assurance the report needs to be modified level 4Examples of limited procedures in a review are- 5 The review report provides procedures and inquiries assurance that the information is fairly presented

Explanation / Answer

1. Limited assurance is also called ________ assurance.

1 Ans : negative .

2. If a material departure is not _________ the report needs to be modified.

2 Ans : Corrected

3. In a review practitioner gather sufficient evidence to drive risk to a (n) ______ level.

3 Ans: moderate

4. Example of limited procedure in review are _________procedures and iquiries.

4 Ans. analytical

5. The review report provides __________ assurance that information in fairly presented.

5 Ans. limited

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.