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What is the difference between an audit, a review and a compilation? I want the resources, please...

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General Management

What is the difference between an audit, a review and acompilation?

I want the resources, please for the answer.

Answer & Explanation Solved by verified expert
4.4 Ratings (851 Votes)
Audit Review Compilation Accuracy of financial statements is assured It is intended for investors outside parties creditors etc A review engagement report provides with limited assurance on the financial statements These reports are intended to the stakeholders of the company to make sure that    See Answer
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