Which of the following statements is correct?

Question

Xaibi Aslam · Accepted Answer

When a company negotiates a ‘friendly’ takeover, it usually appoints a firm of accountants to carry out due diligence on the takeover target.

Xaibi Aslam · Answer

In an attestation engagement, the accountant is required to report on the quality of work performed.

Xaibi Aslam · Answer

In a review engagement, evidence is gathered mainly by means of computation and inspection.

Xaibi Aslam · Answer

In an engagement to review financial statements, the amount of work required is the same as for an audit

Question #73102