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The review of a company's financial statements by a CPA firm:   a. Is substantially less in scope of procedures than an audit. b. Requires detailed analysis of the major accounts c. Is of similar scope as an audit and adds similar credibility to the statements d. Culminates in issuance of a report expressing the CPA's opinion as to the fairness of the statements

The review of a company's financial statements by a CPA firm:   a. Is substantially less in scope of procedures than an audit. b. Requires detailed analysis of the major accounts c. Is of similar scope as an audit and adds similar credibility to the statements d. Culminates in issuance of a report expressing the CPA's opinion as to the fairness of the statements

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The review of a company's financial statements by a CPA firm:
 
a. Is substantially less in scope of procedures than an audit.
b. Requires detailed analysis of the major accounts
c. Is of similar scope as an audit and adds similar credibility to the statements
d. Culminates in issuance of a report expressing the CPA's opinion as to the fairness of the statements
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