Câu 246: AUD: CPA Auditing and Attestation Exam

Which of the following describes how the objective of a review of financial statements differs from the objective of a compilation engagement?

1. A. The primary objective of a review engagement is to test the completeness of the financial statements prepared, but a compilation tests for reasonableness.
2. B. The primary objective of a review engagement is to provide positive assurance that the financial statements are fairly presented, but a compilation provides no such assurance.
3. C. In a review engagement, accountants provide limited assurance, but a compilation expresses no assurance. — đáp án hiện tại
4. D. In a review engagement, accountants provide reasonable or positive assurance that the financial statements are fairly presented, but a compilation provides limited assurance.