How many paragraphs does the standard review report for U.S. nonpublic companies or development stage companies have?
a. One.
b. Two.
c. Three.
d. Four.
Answer: C
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- Which one of the following procedures is not a standard procedure when performing a review?
- Which of the following services provides limited assurance?
- Which of the following engagements requires less evidence than a review of financial statements?
- A compilation report provides the user with which one of the following types of assurance?
- A review report provides the user with which one of the following types of assurance?
- Which of the following is an accounting service that involves performing inquiry and analytical procedures as a reasonable basis for expressing limited assurance that no material modifications need to be made to the financial statements in order for the financial statements to conform to GAAP?
- What does the review service provided by the CPA firm require?
- When the CPA is not independent with respect to a compilation client, what should the CPA do?
- When an accountant is asked to compile financial statements that omit substantially all of the required disclosures, which of the following actions is appropriate?
- What types of companies can have a compilation performed in accordance with the AICPA standards?
- Which of the following standards represents the standards followed by CPAs providing a review of a client's financial statements?
- Which one of the following statements is false regarding a review?
- Which of the following is not an AICPA general standard for attestation engagements?
- Which of the following is not an AICPA standard of reporting for attestation engagements?
- What are the two topics that attestation standards provide guidance on?
- What are the two levels of assurance that can be provided in an attestation engagement?
- Which of the following is not a critical component of attestation services?
- Which of the following is not subject matter that would be attested to in a non-audit attestation engagement?
- Which of the following statements is false regarding materiality judgments?
- Which of the following statements is not true about materiality judgments?
- When a client has significant and nonrecurring charges to nonoperating expenses, which of the following would be the most appropriate materiality benchmark?
- Performance materiality helps the auditor to determine which of the following?
- Which of the following would not be a reason to lower the threshold for materiality?
- Which of the following will the auditor will not consider when making a materiality determination?
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