Choice "d" is correct. The objective of a review of interim financial information of a public entity is to
provide the accountant with a basis for reporting whether material modifications should be made to
conform with GAAP.
Choice "a" is incorrect. Prospective financial information (concerning future events) is not part of the
interim financial information filed by a public company.
Choice "b" is incorrect. No form of opinion is expressed based on a review; however, limited
assurance is provided regarding the financial statements.
Choice "c" is incorrect. The objective of an interim review is not to provide guidance regarding the
timing of audit procedures.
