Problem

Complete the key words, names, and phrases in the following accountant’s report on a revie...

Complete the key words, names, and phrases in the following accountant’s report on a review of financial statements (balance sheet and statements of income, comprehensive income, retained earnings, and cash flows) of a nonissuer.

We have ___________ the accompanying _____________ of Dandy Company as of December 31, 2012 and 2011, and the _____________________________________ ___________________________. A review includes primarily applying ________ _____________ to management’s ______________ and making ________________ __________. A review is substantially ____________________ than an audit, the objective of which is the ___________________ regarding the financial statements ___________________. Accordingly, we _____________________________.

_______________ is responsible for the ____________________________ of the financial statements ______________________________________________ and for designing, implementing, and __________________________ relevant to the preparation and fair presentation of the financial statements.

Our responsibility is to ___________________ in accordance with ____________ _____________________________________ issued by the American Institute of Certified Public Accountants. Those standards _________________________ to obtain _______________ that there are _____________________ that should be made to the financial statements. We believe that the ___________________ provide a ___________________ for our report.

Based on our review, we are ________ of any ________________ that should be made to the accompanying financial statements in order for them to be in ____________ ________________________________.

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