Which of the following should be included in an accountant's standard report based upon the review of a nonpublic entity's financial statements?
A. A statement that the review includes a study and evaluation of the internal controls of the entity.
B. A statement that a review consists principally of inquiries and analytical procedures.
C. A statement that a review is substantially greater in scope than a compilation.
D. A statement that the review was performed in accordance with generally accepted audit standards.
Answer: B
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