Question as Attatched
Question as Attatched
Which of the following is
an example of a
Computer system installation and support.
Strategic planning assistance.
Tax planning and advice.
Assurance services do
Apply to engagements in which one party wants to monitor another.
Evolve naturally from attestation services.
Encompass consulting services.
Improve the quality of information.
A practitioner’s report on agreed-upon
procedures related to an entity’s compliance with
specified requirements should contain all of the
A sentence limiting use to specified parties.
A title that includes the word “independent.”
A description of the nature and scope of the service.
Limited assurance about whether an entity is in compliance or whether management’s assertion is fairly stated.
When an accountant submits compiled financial
statements to the client, a nonissuer, his/her
Obtaining written representations from the client.
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Performing analytical procedures.
Understanding internal control.
Reading the statements for obvious material errors.
Occasionally, an accountant in a review
engagement of a nonissuer may believe that even
modification of the standard report is not
adequate to indicate the deficiencies in the
financial statements taken as a whole. If this is
the case, the accountant should
Withdraw from the engagement.
Express a qualified opinion.
Express an adverse opinion.
Issue a standard compilation report instead of a review report.
When compiled financial statements of a
nonissuer prepared by a CPA do
normal disclosures, the CPA should
Issue a compilation report on the financial statements and include in the report a comment to the effect that the
statements do not necessarily contain all required disclosures.
Issue a compilation report on the financial statements but make no mention of the lack of normal disclosures
because disclosure in this case is not necessary.
Express an adverse opinion on the financial statements because of lack of proper disclosure.
Take no special action because disclosure in this situation is not appropriate.
In a review engagement, the accountant should
establish an understanding with a nonissuer, in
writing, regarding the services to be performed.
The understanding should include all of the
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