List the 5 primary financial statement audit reports

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Question description

Part 2

Length: One-half page

After the audit, the auditor will need to complete reports that attest to your findings. Answer the following questions about your audit findings:

  1. List the 5 primary financial statement audit reports and explain when they are used.
  2. Are comparative reports required by Generally Accepted Accounting Principles (GAAP)?
  3. With nonpublic companies, audits are not required, but they are often requested. This results in reviews and compilations.
  4. What is included in a review?
  5. What is included in a compilation?

Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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