Which statement is most accurate concerning an accountant’s responsibility when *uating management’s responses to inquires when performing a review?
A. The accountant should corroborate all management responses.
B. The accountant ordinarily is not required to corroborate management’s responses with other information; however, the accountant should consider the reasonableness and consistency of management’s responses.
C. The accountant is ordinarily required to corroborate with additional evidence only significant management responses.
D. The accountant is not required to *uate the reasonableness and consistency of management’s responses.
Answer:B
B is correct because while the accountant ordinarily is not required to corroborate management’s responses with other information, the accountant should consider the reasonableness and consistency of management’s responses.
A is incorrect because the accountant considers the reasonableness and consistency of management’s responses but need not corroborate them all.
C is incorrect because the accountant considers the reasonableness and consistency of management’s responses on an overall basis.
D is incorrect because it understates the accountant’s responsibility in that the reasonableness and consistency of management replies should be considered.