During a review of a nonissuer’s financial statements, accountants are required to make certaininquiries of management. Which of the following inquiries is not required by the SSARS?a. The basis for the preparation of financial statements.b. Internal control deficiencies.c. Significant transactions occurring near the end of the reporting period.d. Material subsequent events
During a review of a nonissuer’s financial statements, accountants are required to make certaininquiries of management. Which of the following inquiries is not required by the SSARS?a. The basis for the preparation of financial statements.b. Internal control deficiencies.c. Significant transactions occurring near the end of the reporting period.d. Material subsequent events
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During a review of a nonissuer’s financial statements, accountants are required to make certain
inquiries of management. Which of the following inquiries is not required by the SSARS?
a. The basis for the preparation of financial statements.
b. Internal control deficiencies.
c. Significant transactions occurring near the end of the reporting period.
d. Material subsequent events
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