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In an engagement to review financial statements of a private company, the auditor will do all of the following except: 1

Accounting

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In an engagement to review financial statements of a private company, the auditor will do all of the following except:

1.       confirm key account receivable balances.

2.       inquire of management regarding key revenue recognition policies.

3.       calculate key ratios relevant to the client.

4.       issue a report at the conclusion of the engagement.