A Certified Public Accountant (CPA) performing a review of financial records typically engages in performing spot testing of transactions. This means that the CPA assesses a sample of transactions and balances rather than examining every detail, which is characteristic of a full audit. The goal is to provide limited assurance that the financial statements are free from material misstatements, allowing the CPA to offer a professional opinion on the financial documents' reliability.
Spot testing helps identify any anomalies or areas that may require further investigation, while still being a less intensive approach compared to a complete audit. This method allows the CPA to evaluate the overall financial position and performance of the association effectively without the exhaustive examination found in a full audit process.
The other choices do not accurately reflect the CPA's role in a review. Conducting a full audit would imply a comprehensive examination of all records, which significantly exceeds the scope of a review. Creating financial statements from scratch goes beyond the CPA's standard review function, as they typically work with existing records. Issuing a certification of accuracy suggests a guarantee of complete accuracy, which is not typically provided in a review setting since it offers only limited assurance rather than a blanket certification of precision.