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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
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.
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