A2: Other Reports-Other Engagements, Reports, and Accounting Services

Question 1

Special Considerations apply to the following four areas:

Answer 1

1. Audits of f/s prepared in accordance with special purpose frameworks.
2. Audits of single f/s and specific elements, accounts, or items of a f/s-Audit A/R or inventory only
3. Reporting on compliance with aspects of contractual agreements or regulatory requirements in connection with audited f/s
4. engagements to report on summary f/s

Question 2

Special Purpose Frameworks

Answer 2

1. Cash Basis
2. Tax Basis
3. Regulatory Basis-requirements or financial reporting provisions of a regulatory agency having jurisdiction over the reporting entity
4. Contractual Basis-basis of accounting that the entity uses to comply with an agreement between the entity and one or more third parties other than the auditor.