Before Performing a Review of a Nonpublic Entity's Financial Statements

Before performing a review of a nonpublic entity's financial statements, an accountant should:

A) complete a series of inquiries concerning the entity's procedures for recording, classifying, and summarizing transactions.
B) obtain a sufficient level of knowledge of the accounting principles and practices of the industry in which the entity operates.
C) inquire whether management has omitted substantially all of the disclosures required by generally accepted accounting principles.
D) apply analytical procedures to provide limited assurance that no material modifications should be made to the financial statements.

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