Can someone please help?
I know the answer is C but how is A true? Reviews provide limited assurance, not negative. Are “limited” and “negative” used synonymously?
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Which of the following is NOT true about an auditor's report on a review of interim financial information of a publicly held company?
a. It is different from an audit report in that the audit report provides positive assurance whereas the review report provides negative assurance.
b. It is different from a review report under SSARS in that the reference to professional standards is included in the scope paragraph.
c. It is similar to an audit report in that both provide an opinion regarding whether the financial statements are in conformity with generally accepted accounting principles.
d. It is similar to a review report under SSARS in that both make reference to the performance of inquiry and analytical procedures.
- passed all 4 exams on my first try using Becker!
Ethics: TBD