💰 CPA Exam Prep

Which report is issued for a review engagement?

A Audit opinion
B Limited assurance report stating nothing came to attention causing belief of material misstatement
C Compilation report
D No report

✓ Correct Answer: Option B

Review reports provide limited (negative) assurance: "Nothing has come to our attention that causes us to believe..."

💡 Why is B) the correct answer?

The correct answer to the question "Which report is issued for a review engagement?" is Option B: Limited assurance report stating nothing came to attention causing belief of material misstatement.

The other options — A) Audit opinion, C) Compilation report, D) No report — are incorrect for this CPA Exam Prep question. As explained above: Review reports provide limited (negative) assurance: "Nothing has come to our attention that causes us to believe..."

📚 About This CPA Exam Prep Practice Question

This 2-level CPA Exam Prep question from the Auditing & Attestation (AUD) topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CPA Exam Prep practice test or use flashcards for spaced repetition review.

Related CPA Exam Prep Questions