Exam 21: Assurance,Attestation,amd Internal Auditing Services-professional Judgement Module

Compilations provide which of the following types of assurance about the fair presentation of financial statements?

Before performing a compilation of the financial statements of a nonpublic entity,an accountant should

During a review of financial statements of a nonpublic entity,the CPA would be least likely to

An attest service occurs when a practitioner is engaged to issue a report on subject matter that is the responsibility of another party.

Jones Retailing,a nonpublic entity,has asked Winters,CPA,to compile financial statements that omit substantially all disclosures required by generally accepted accounting principles.Winters may compile such financial statements,provided the

Blue Co.,a privately-held entity,asked its tax accountant,Cook,a CPA in public practice,to reproduce Blue's internally-prepared interim financial statements on Cook's computer when Cook prepared Blue's quarterly tax return.Cook should not submit these financial statements to Blue unless,at a minimum,Cook complies with the provisions of

When an accountant compiles a nonpublic entity's financial statements that omit substantially all disclosures required by generally accepted accounting principles,the accountant should indicate in the compilation report that the financial statements are

Examples of attest engagements include examination,review,and agreed-upon procedures engagements.

In a review engagement,the accountant must make all of the following inquiries except those to:

Direct services offered under PrimePlus include all of the following except:

In performing an attestation engagement,a CPA typically

The type of report issued under a PrimePlus assurance engagement is likely which of the following?

Match the attestation standard with the generally accepted auditing standard that is most similar in nature.

Which of the following statements best describes the guidance developed by the AICPA related to WebTrust services?

Snow,CPA,was engaged by Master Co.,a privately-held company,to examine and report on management's written assertion about the effectiveness of Master's internal control over financial reporting.Snow's report should state that

Given one or more hypothetical assumptions,a responsible party may prepare,to the best of his knowledge and belief,an entity's expected financial position,results of operations,and changes in cash flows.Such prospective financial statements are known as

Which of the following is a conceptual difference between the attestation standards and generally accepted auditing standards?

Which of the following is not an attestation standard?

In an examination of prospective financial statements,which of the following would not require a departure from the standard examination report?

An examination of a financial forecast is a professional service that involves