Attestation engagements and Standards

Question 1

Which is similarity between GAAS and the attestation standards?

Answer 1

The requirement that the CPA be independent

Question 2

Which standards should CPA apply in a review of proforma fun info?

Answer 2

SSAE

Question 3

Which of the following would not be considered an attest engagement subgect to SSAE?

Answer 3

An engagement to review the financial statements of nonpublic company

Question 4

In an attest engagement use of the accountant’s report should be restricted to specified parties in all of the following situations EXCEPT:

Answer 4

When reporting on an assertion about the subject matter instead of reporting directly on subject matter

Question 5

An examination report on the entity”s schedule of investment returns in accordance with specific criteria should provide:

Answer 5

Exam Positive assurance

Compilation and Agreed upon procedures-No assurance

Review-limited assurance(negative) assurance