Exam 25: Other Assurance Services

State three types of assurance services that fall within the auditing standards but are not audits,reviews,or compilations of financial statements in accordance with GAAP.

An agreed-upon procedures engagement cannot be undertaken for a federal government agency.

As a CPA,you have been engaged to perform an attestation engagement.You would typically

Which of the following is not a standard contained in both the Attestation Standards and Generally Accepted Auditing Standards?

Statements on Standards for Attestation Engagements are established by the

Review reports are normally dated as of the client's balance sheet date.

CPAs must be independent to issue a review report.

Auditors frequently audit statements prepared on bases other than GAAP.Discuss four commonly used bases other than GAAP.

A financial statement review conducted in compliance with Statements on Standards for Accounting and Review Services (SSARS)includes obtaining an understanding of internal control.

Attestation standards allow a CPA to perform all but which of the following services for a forecast or projection?

Current professional standards prohibit accountants from performing engagements to review forecasts or projections.

An accountant who reviews the financial statements of a nonpublic entity should issue a report stating that a review

Evidence for a review engagement consists primarily of

An accountant has accepted an engagement in which the audit procedures of inquiry and analytical procedures will be employed.These procedures will form the basis for issuance of

When CPAs do audits for specified elements,accounts,or items,

When performing a review service,auditors must make inquiries of management.Which of the following inquiries are typically made of management?

Which of the following would not be included in a CPA's report based upon a review of the financial statements of a nonpublic entity?

Practitioners who perform preparation,compilation,or review engagements are referred to in the Statements on Standards for Accounting and Review Services (SSARS)standards as

When performing a review service and the accountant becomes aware that fraud may have occurred,the accountant must withdraw from the engagement.

The WebTrust service requires that a CPA update its testing of the e-commerce aspects of an entity's website at least every