What is the difference between a financial statement audit and a review engagement.

a) A financial statement audit provides assurance on the financial statements, while a review engagement provides limited assurance.
b) A financial statement audit is more comprehensive than a review engagement.
c) A financial statement audit requires more documentation than a review engagement.
d) A financial statement audit is only required for public companies, while a review engagement is required for all companies.
Answer: a) A financial statement audit provides assurance on the financial statements, while a review engagement provides limited assurance.